JT Department Store expects to generate the following sales for the next three months August $460,000 $580,000 July September $620,000 Expected sales.. JT's cost of gods sold is 60% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 20% of the following month's expected cost o goods sold. What dollar amount of merchandise inventory should JT plan to purchase August? A. $352,800 correct answer don'4 know how to get it B. $327,800 C. $257,400 D, $314,600
JT Department Store expects to generate the following sales for the next three months August $460,000 $580,000 July September $620,000 Expected sales.. JT's cost of gods sold is 60% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 20% of the following month's expected cost o goods sold. What dollar amount of merchandise inventory should JT plan to purchase August? A. $352,800 correct answer don'4 know how to get it B. $327,800 C. $257,400 D, $314,600
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...
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