16. Footloose Company has the following data: Month Budgeted Sales January $108,000 February 132,000 March 144,000...

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16. Footloose Company has the following data: Month Budgeted Sales January $108,000 February 132,000 March 144,000 April 120,000 The gross profit rate is 35% of sales and ending inventory at December 31 was $21,060. Desired ending inventory levels are 25% of next month's sales at cost. What are the expected total purchases for March? A) $79,200 B) $81,360 C) $89,700 D) $105,120 16. Footloose Company has the following data: Month Budgeted Sales January $108,000 February 132,000 March 144,000 April 120,000 The gross profit rate is 35% of sales and ending inventory at December 31 was $21,060. Desired ending inventory levels are 25% of next month's sales at cost. What are the expected total purchases for March? A) $79,200 B) $81,360 C) $89,700 D) $105,120

Answer rating: 100% (QA)

C 89700 Desired opening inventory for March Desired cloring inventory fo... View the full answer