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  3. cave hardware's forecasted sales for april, may, j

Cave Hardware's forecasted sales for April, May, June, and July are $240,000,$210,000,$140,000, and $280,000, respectively....

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Accounting

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Cave Hardware's forecasted sales for April, May, June, and July are $240,000,$210,000,$140,000, and $280,000, respectively. Sales are 60% cash and 0% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 85% of sales and ending inventory is maintained at 75.000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 26% in the month of purchase and 74% in the following nonth. What are the budgeted cash payments in June to account for the inventory purchases at Cave Hardware? A. $141,729 B. $161,721 C. $303,450 D. $333,200

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