Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pls helpthanks. scanneti electronics selss t

Pls helpThanks. Scanneti Electronics selss tabiets. ths sales budget...

90.2K

Verified Solution

Question

Accounting

Pls helpThanks. image
image
image
Scanneti Electronics selss tabiets. ths sales budget for the nine months ended September 30 folows: (cick the icon to view the budigat) [Cick the icon to vierw additional information.] Requirement Prepere al cost of goods soid, inventory, and purchases budget for each of the frut three quaters of the year. Compute cost of goods sold for the entire nine-month period, (Reound amounts fo the nearest whole dollar.) Data table quirement bare a cost of goods sold, inventory, and purchases budget for each of the first three quarters of the year. Compute cost of goods soid for the entire nine-month period (Round a oin doliey.) Cost of goods sold Pius: Desired ending inven Total inventory required Loss: Beginning inventory Purchases More info In the past, cost of goods sold has been 70% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $25,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $220,000 during the fourth quarter. The January 1 inventory was $33,400

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students