MFL sakes expects to sell 460 units of product A and 380 units of product B each

Question

MFL sakes expects to sell 460 units of product A and 380 units of product B each day at an average price of $24 for product A and $26 for product B . The expected cost for product A is 40% of its selling price and its expected cost for product B is 58% of its selling price. MFL sales no beginning inventory but it’s wants to have a six day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven day) week. (Round to the nearest dollar) MFL sakes expects to sell 460 units of product A and 380 units of product B each day at an average price of $24 for product A and $26 for product B . The expected cost for product A is 40% of its selling price and its expected cost for product B is 58% of its selling price. MFL sales no beginning inventory but it’s wants to have a six day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven day) week. (Round to the nearest dollar)

Explanation / Answer

Sales-7-Days Units/Day Total-Units Price Revenue/Day Total-Revenue Cost-of-Sales Product-A 460 3220 24 11040 77280 30912 Product-B 380 2660 26 9880 69160 40112.8 20920 146440 71024.8 Closing-Stock Units Cost/unit Cost Product-A 460*6 2760 9.6 26496 Product-B 380*6 2280 15.08 34382.4 Closing-Stock 60878.4 Next-7-Day-Week Product-A Product-B Sales 3220 2660 Add:Closing-Stock 2760 2280 Less:Opning-Stock 2760 2280 Purchases 3220 2660 Price 9.6 15.08 COGS 30912 40112.8 71024.8

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