Rocker Company expects to sell 7,000 units for $180 each for a total of $1,260,000 in January and 1,500 units for $190 each for a total of $285,000 in February. The company expects cost of goods sold to average 60% of sale revenue, and the company expects to sell 4,300 units in March for $260 each. Rocker's target ending inventory is $15,000 plus 50% of the next month's cost of goods sold Prepare Rocker's inventory, purchases, and cost of goods sold budget for January and February Rocker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods soid Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Your protection has expire Don't leave your devices exposed to virus Uneretested devices are perfect targets for

Rocker Company expects to sell 7,000 units for $180 each for a total of $1,260,000 in January and 1,500 units for $190 each for a total of $285,000 in February. The company expects cost of goods sold to average 60% of sale revenue, and the company expects to sell 4,300 units in March for $260 each. Rocker's target ending inventory is $15,000 plus 50% of the next month's cost of goods sold Prepare Rocker's inventory, purchases, and cost of goods sold budget for January and February Rocker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods soid Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Your protection has expire Don't leave your devices exposed to virus Uneretested devices are perfect targets for

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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