Sullvan, Inc. sells tre rins. Is saies budget for the nine monts ended September

Question

Sullvan, Inc. sells tre rins. Is saies budget for the nine monts ended September 30, 2018, and additional information follow (Click the icon to view the budget.)ck the icon to view additional information.) Prepure an inventory, purchases, and cost ef goods sold busdget for each of the Srst three quarhers of the year. Compute cost of goods sold for the entire nine-month period. Data Table Sullivan, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Nine-Month Total Quarter Ended Quarter Ended Quarter Endded Nine Month Mareh 31 June 30 September 30 Mareh 31 September 30 cash sales, 20% 24 $ 34,000 $ 29000 S 87.000 348.000 120.000 170000145,000435.000 Onde sales, 80% 98000136.000 16,000 Total sale Less More Into nhe pastcoat of gods said has been 40% oftotai sale. The drector of markeing and the francial vioe president agree that each quarters ending rventry should not be below $10,000 pAs 10% of oost of goods so d trno lolowing qaarter. The marketing drector expects sales of $220,000 during the ourth quafar. The January 1 inventory was $37 000 Choose from any list or enter any number in the input fields and then continue to the next question PrintDone

Explanation / Answer

RAW MATERIAL PURCHASE BUDGET 31-Mar 30-Jun 30-Sep Nine Months 31-Dec Budgeted Sales in $ 120,000 170,000 145,000 435,000 220,000 Budgeted Cost of Goods sold @ 40% 48,000 68,000 58,000 174,000 88,000 Add: Desired Ending Inventory 16,800 15,800 18,800 18,800 Total needs 64,800 83,800 76,800 192,800 Less: Beginning Inventory 37,000 16,800 1,580 37,000 Purchase in $ 27,800 67,000 75,220 155,800

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.