The beginning inventory is expected to be 2,500 cases. Expected sales are 11,500 cases, and the company wishes to begin the next period with an inventory of 1,500 cases. The number of cases the company must purchase during the month is

rev: 05_10_2021_QC_CS-258022

Multiple Choice

• 10,500 cases.

• 11,500 cases.

• 13,000 cases.

• 15,500 cases.

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A sales budget has been prepared for April. Management wants the amount of ending inventory each month to be equal to 25% of that month's cost of goods sold. Cost of goods sold for April is projected at $62,500. Ending inventory at the end of March is expected to be $12,500. Based on this information, what would the amount of purchases be for April?

Multiple Choice

• $64,500

• $50,000

• $78,125

• $65,625