Yesterday Company has a sales budget for next month of $300,000.Cost of goods sold is expected to be 40% of sales.All units are paid for in the month following purchase.The beginning inventory is $10,000 and an ending inventory of $12,000 is desired.Beginning accounts payable is $76,000.The purchases for next month are ________.
A)$78,000
B)$118,000
C)$120,000
D)$122,000

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The Answer of Yesterday Company has a sales budget for next month of $300,000.Cost of goods sold is expected to be 40% of sales.All units are paid for in the month following purchase.The beginning inventory is $10,000 and an ending inventory of $12,000 is desired.Beginning accounts payable is $76,000.The purchases for next month are ________.
A)$78,000
B)$118,000
C)$120,000
D)$122,000

Yesterday Company Has a Sales Budget for Next Month of $300,000.Cost