Question

ACEM Hardware purchased 8400 gallons of paint in March. The store had 3200 gallons on hand at the beginning of March, and expects to have 2700 gallons on hand at the end of March. What is the budgeted number of gallons to be sold during March

Answer 1

Answer:

Sales will be equal to 8900 gallons

Explanation:

We have given hardware purchased = 8400 gallons

The store had 3200 gallons on hand at the beginning of the of march

So opening stock = 3200 gallons

And expected to have 2700 gallons at the end of march

So closing stock = 2700 gallons

So sales = purchases + opening stock - closing stock = 8400 + 3200 - 2700 = 8900 gallons

So sales will be equal to 8900 gallons