Lan Corporation had beginning inventory of $42,000 and expects cost of sales of $96,000 units during the month. Desired ending inventory is $31,000. How much inventory should Lan Corporation purchase?

Name: Lan Corporation had beginning inventory of $42,000 and expects cost of sales of $96,000 units during the month. Desired ending inventory is $31,000. How much inventory should Lan Corporation purchase?
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Question

Quizplus · Accepted Answer

C) Calculations: $96,000 + $31,000 - $42,000 = $85,000

Lan Corporation Had Beginning Inventory of $42,000 and Expects Cost