Jaeger Company has the following data: The cost of goods sold percentage is 65% of sales and the desired ending inventory is 25% of next month's sales at cost.What are the total purchases budgeted for July?
A)$33,150
B)$33,800
C)$41,600
D)$42,250

Question

Jaeger Company has the following data:  The cost of goods sold percentage is 65% of sales and the desired ending inventory is 25% of next month's sales at cost.What are the total purchases budgeted for July?
A)$33,150 
B)$33,800 
C)$41,600 
D)$42,250

Quizplus · Accepted Answer

The Answer of Jaeger Company has the following data:  The cost of goods sold percentage is 65% of sales and the desired ending inventory is 25% of next month's sales at cost.What are the total purchases budgeted for July?
A)$33,150 
B)$33,800 
C)$41,600 
D)$42,250

Jaeger Company Has the Following Data: the Cost of Goods