Kabuki Company\'s policy is to have 16% of the next month\'s sales as desired en

Question

Kabuki Company's policy is to have 16% of the next month's sales as desired ending inventory. Estimated sales are shown in the following table. Given this data, what are Kabuki's estimated purchases for April?

rev: 01_24_2014_QC_43833, 04_07_2014_QC_46718 & 47680, 04_11_2015_QC_CS-13088

10,250

9,946

9,874

9,424

10,700

Kabuki Company's policy is to have 16% of the next month's sales as desired ending inventory. Estimated sales are shown in the following table. Given this data, what are Kabuki's estimated purchases for April?

Explanation / Answer

Beginning inventory(16%*10250) 1640 Add:purchases(balance)(10250+1336-1640) 9946 Less:ending inventory(16%*8350) 1336 Sales 10250

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