Sales increase Cost of Sales Ending Inventory Needs 01.2019 Expected Salos888,00
ID: 2562057 • Letter: S
Question
Sales increase Cost of Sales Ending Inventory Needs 01.2019 Expected Salos888,000 44% Budgeted Sales and Inventory Purchases for 2018 Quarter 1Quarter 2 Quarter 3 Quarter Year 2019 Quarter 1 Sales in 2017 Expected sales in 2018 Cost of Sales Beginning Inventory Ending Inwentory Purchases $ 555,000 $ 777,000 666,000$ 999,000$ 2,997.000 Redo this table, putting formulas in all cells that have the xx For this exercise, assume that sales will increase by 21 percent over 2017. Cost of salies equals 44 percent of sales Ending inventory should equal 55 percent of the amount needed for next quarter sales needs. Expected sales in the first quarter of 2019 will be $888,000. Make sure that all formulas will adjust for changes in the assumptions noted inside the box. When complete, submit your finished excel assignment to me through e-mail. Round all answers to whole numbers (no decimals).Explanation / Answer
Sales increase 21%
Cost of sales 44%
Ending inventory 55%
Budgeted sales and inventory purchase for 2018
Quarter 1
Quarter 2
Quarter 3
Quarter 4
year
2019Quarter 1
Sales in 2017 $
555,000
777,000
666,000
999,000
2997,000
Expected sales in 2018
671550
940170
805860
1208790
3626370
888,000
Cost of sales
295482
413675
354578
531868
1595603
390,720
Beginning inventory
549450
517094
443223
292527
549450
488,400
Ending inventory
517094
443223
292527
488,400
488,400
purchase
263126
339804
203882
287741
1094553
Quarter 1
Quarter 2
Quarter 3
Quarter 4
year
2019Quarter 1
Sales in 2017 $
555,000
777,000
666,000
999,000
2997,000
Expected sales in 2018
671550
940170
805860
1208790
3626370
888,000
Cost of sales
295482
413675
354578
531868
1595603
390,720
Beginning inventory
549450
517094
443223
292527
549450
488,400
Ending inventory
517094
443223
292527
488,400
488,400
purchase
263126
339804
203882
287741
1094553
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.