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weeeeeb [17]
3 years ago
7

Your company has sales of $ 93,600 this year and cost of goods sold of $ 64,700. You forecast sales to increase to $ 117, 400 ne

xt year. Using the percent of salesâ method, forecast nextâ year's cost of goods sold.
Business
1 answer:
Gre4nikov [31]3 years ago
3 0

Answer:

COGS= $81,146.88

Explanation:

Giving the following information:

Your company has sales of $93,600 this year and the cost of goods sold of $64,700. You forecast sales to increase to $ 117, 400 next year.

First, we need to calculate the percentual participation of cost of goods sold:

%COGS= 64,700/93,600= 0.6912= 69.12%

<u>Now, using the same percentage, we calculate the cost of goods sold for the estimated new sales:</u>

COGS= 117,400*0.6912= $81,146.88

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