1 answer

Durango co. desires to maintain an ending inventory equal to 20% of next month's cost of...

Question:

Durango co. desires to maintain an ending inventory equal to 20% of next month's cost of budgeted sales. Assume that Durango Co. maintained this level of ending inventory for the month of September. The cost of budgeted sales for October is $100,000 and the cost of budgeted sales for November is $200,000. Calculate required purchases for the month of October.

Please show your work, thank you!


Answers

Calculation of Required purchase for the month of October

Budgeted sales of October $100000
Add: Desired ending inventory 40000
Total needed 140000
Less: Beginning inventory 20000
Required purchase for October $120000

Desired ending inventory= $200000*20%= $40000

Beginning inventory= $100000*20%= $20000

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