P
precious5621
Guest
Gel Inc, a retailer, expects sales to be as follows
January $500,000
February $800,000
March $600,000
April $700,000
Cost of Sales is 60% of sales. Ending inventory is expected to equal 30% of the next month's sales. What would the purchases of inventory in February be?
January $500,000
February $800,000
March $600,000
April $700,000
Cost of Sales is 60% of sales. Ending inventory is expected to equal 30% of the next month's sales. What would the purchases of inventory in February be?