1. Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 u

Question

1. Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s ending inventory policy is 30 percent of the following month’s sales. Garfield pays its supplier $40 per unit.

  

Compute Garfield's budgeted purchases for March.

2. Complete the following table: (Enter all values as positive values.)

                                          Number of Units

Compute Garfield's budgeted purchases for March.

Total Budgeted Purchases                                     

2. Complete the following table: (Enter all values as positive values.)

                                          Number of Units

Production Sales Ending Inventory Beginning Inventory                            750                   150 100 725 70 140 830 650 70 900 1,150 70 705 180 200 840 810 300

Explanation / Answer

Production Sales Ending Inventory Beginning Inventory 800 750                   150 100 725 795 70 140 830 650 250 70 900 1,150 70 320 705 725 180 200 840 810 300 270

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