The following are budgeted data for the Bingham Corporation, a merchandising company:

-The desired ending inventory (at cost) for February would be:

Question

The following are budgeted data for the Bingham Corporation, a merchandising company:

-The desired ending inventory (at cost) for February would be:

Quizplus · Accepted Answer

The desired ending inventory (at cost) for February would be $180,000. This is because the desired ending inventory is equal to the cost of goods sold for the month, which is $300,000, multiplied by the desired ending inventory percentage, which is 60%.

The Following Are Budgeted Data for the Bingham Corporation, a Merchandising