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LekaFEV [45]
3 years ago
9

Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The N

ovember 30 inventory was 320 shovels. How many shovels should Benson Stores purchase for December?
Business
1 answer:
Bas_tet [7]3 years ago
7 0

Answer:

Purchases =  2100 shovels

Explanation:

given data

ending inventory = 500 shovels

Budgeted sales = 1,950 shovels

inventory = 320 shovels

to find out

How many shovels should Benson Stores purchase for December

solution

we know here ending inventory formula that is express as

Ending inventory  = Beginning inventory + Purchases - Sales   .......................1

put here value we will get Purchases

so that

500 = 320 + Purchases - 1950

Purchases =  500 + 1950 - 350

Purchases =  2100 shovels

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The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts
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Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000. If the bank has a re
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Answer:

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