Question: Needing help with another question on my final review. Any help would be greatly appreciated Outdoor Company expects to sell 7,500 units for $190 each

 Needing help with another question on my final review. Any help

Needing help with another question on my final review. Any help would be greatly appreciated

would be greatly appreciated Outdoor Company expects to sell 7,500 units for

Outdoor Company expects to sell 7,500 units for $190 each for a total of $1,425,000 in January and 3,500 units for $200 each for a total of $700,000 in February. The company expects cost or goods sold to average 70% of sales revenue, and the company expects to sell 4,100 units in March for $220 each. Outdoors target ending inventory is $16,000 plus 50% of the next month's cost oi goods sold. Prepare Outdoors inventory, purchases, and cost: of goods sold budget for January and February, Cost oi goods sold I Plus: Desired ending merchandise inventory I Total merchandise inventory required I Less: Beginning merchandise inventory Budgeted purchases

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