Atlantic,Inc.has prepared the following budgets for March.In March,budgeted production equals budgeted sales of 1,000 units,and raw materials inventory will stay constant.What is budgeted cost of goods sold for March?

Question

Quizplus · Accepted Answer

Since the budgeted production equals the budgeted sales of 1,000 units, the cost of goods sold can be calculated by multiplying the budgeted production by the cost per unit. From the budget summary, the cost per unit is $31.80. Therefore, the budgeted cost of goods sold for March is 1,000 units x $31.80 per unit = $31,800.