Liu Electronics budgeted sales of $400 000 for the month of November; cost of sales is equal to 65% of sales. Beginning inventory for November was $80 000 and ending inventory for November should be $72 000. How much are the budgeted purchases for November?
A)$264 800
B)$252 000
C)$254 800
D)$265 200

Question

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The Answer of Liu Electronics budgeted sales of $400 000 for the month of November; cost of sales is equal to 65% of sales. Beginning inventory for November was $80 000 and ending inventory for November should be $72 000. How much are the budgeted purchases for November?
A)$264 800
B)$252 000
C)$254 800
D)$265 200

Liu Electronics Budgeted Sales of $400 000 for the Month