Caravan Company has the following data: The cost of goods sold percentage is 70% of sales and the desired ending inventory level is 25% of next month's sales at cost.________ was the beginning inventory on May 1.
A)$7,000
B)$8,050
C)$8,750
D)$12,075

Question

Caravan Company has the following data:  The cost of goods sold percentage is 70% of sales and the desired ending inventory level is 25% of next month's sales at cost.________ was the beginning inventory on May 1.
A)$7,000 
B)$8,050 
C)$8,750 
D)$12,075

Quizplus · Accepted Answer

The Answer of Caravan Company has the following data:  The cost of goods sold percentage is 70% of sales and the desired ending inventory level is 25% of next month's sales at cost.________ was the beginning inventory on May 1.
A)$7,000 
B)$8,050 
C)$8,750 
D)$12,075

Caravan Company Has the Following Data: the Cost of Goods