Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the...

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Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $145.000 October November December Budgeted Cost of Goods Sold 135,000 115,000 125,000 Plust Desired Ending Inventory Inventory Needed Lessi Beginning Inventory 36,000 171,000 7. 24,000 Required purchases (on Account) 147,000 What would be the required purchases (on account) for December? Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $145.000 October November December Budgeted Cost of Goods Sold 135,000 115,000 125,000 Plust Desired Ending Inventory Inventory Needed Lessi Beginning Inventory 36,000 171,000 7. 24,000 Required purchases (on Account) 147,000 What would be the required purchases (on account) for December?

Answer rating: 100% (QA)

Particulars October November Budgeted cost of goods sold 13... View the full answer