Garfield Corp expects to sell 1,300 units of its pet beds in March and 900 units in April Each unit sells for $110 Garfields ending inventory policy is 30 percent of the following months sales Garfield pays its supplier $40 per unit Prepare Garfields purchases budget for March ...

March Unit sales 1300 Ending invento ...

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in

Question:

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s policy is 30 percent of the following month’s sales. Garfield pays its supplier $40 per unit. Prepare Garfield’s purchases budget for March.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...