Rocker Company expects to sell 8,500 units for $170 each for a total of $1,445,000 in January and 2,500 units for $225 each for a total of $562,500 in February. The company expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,300 units in March for $260 each. Rocker's target ending inventory is $18,000 plus 40% of the n month's cost of goods sold. Prepare Rocker's inventory, purchases, and cost of goods sold budget for January and February. KOCker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Clear all Check answer Help me solve this Etext pages Calculator

Rocker Company expects to sell 8,500 units for $170 each for a total of $1,445,000 in January and 2,500 units for $225 each for a total of $562,500 in February. The company expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,300 units in March for $260 each. Rocker's target ending inventory is $18,000 plus 40% of the n month's cost of goods sold. Prepare Rocker's inventory, purchases, and cost of goods sold budget for January and February. KOCker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Clear all Check answer Help me solve this Etext pages Calculator

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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