Question: Could you please help this with solution? 14) Benjamin Company has the following data: Month Budgeted Sales January $108,000 February 132,000 March 144,000 April 120,000

Could you please help this with solution?

14) Benjamin Company has the following data:

Month Budgeted Sales

January $108,000

February 132,000

March 144,000

April 120,000

Cost of goods sold average 60% of sales. The inventory at December 31 was $19,440. Desired ending inventory levels are 20% of next month's sales at cost. What is the desired ending inventory value at February 28?

16) Upstairs 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 40% of sales and ending inventory at December 31 was $19,440. Desired ending inventory levels are 30% of next month's sales at cost. What are the expected total purchases for February?

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