Allain, Inc. has the following budgeted figures:

Calculate the ending merchandise inventory for the month of March.

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Sales Cost of goods sold Required ending inventory Inventory on hand on Jan 1 Jan $55,300 60% of sales $15,000+ 20% of next month's sales $27,000 Feb $62,000 Mar $89,000 $15,000 + 20% of next month's sales $32,800 April $95,000 Sales Cost of goods sold Required ending inventory Inventory on hand on Jan 1 Jan $55,300 60% of sales $15,000+ 20% of next month's sales $27,000 Feb $62,000 Mar $89,000 $15,000 + 20% of next month's sales $32,800 April $95,000

Answer rating: 100% (QA)

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