The following are budgeted data for the Bingham Corporation,a merchandising company: Assuming that the Bingham Corporation had inventory on hand of $70,000 (at cost)on January 1,the purchases for January (at cost)would be:
A)$180,000
B)$250,000
C)$263,000
D)$110,000

Question

The following are budgeted data for the Bingham Corporation,a merchandising company:  Assuming that the Bingham Corporation had inventory on hand of $70,000 (at cost)on January 1,the purchases for January (at cost)would be:
A)$180,000 
B)$250,000 
C)$263,000 
D)$110,000

Quizplus · Accepted Answer

Merchandise Purchases Budget:
 11eaa3fe_3280_be5c_908b_9d07a0a655e5_TB2461_00

The Following Are Budgeted Data for the Bingham Corporation,a Merchandising