The Pizza Merchandise Company has budgeted $45,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $23,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: Multiple Choice $9,500 increase. $8,500 decrease. $22,000 decrease.

The Pizza Merchandise Company has budgeted $45,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $23,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: Multiple Choice $9,500 increase. $8,500 decrease. $22,000 decrease.

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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The Willsey Merchandise Company has budgeted $45,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $22,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is? A. $8,500 Increase B. 9.500 Decrease C. 16,350 Increase D. 23.000 Decrease
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