A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Inventory can be taken from:

Question

Quizplus · Accepted Answer

The balance of Inventory can be taken from the production budget and cost of goods sold budget, as these budgets will provide information on the amount of goods produced and sold during the budget period, which can be used to calculate the ending inventory balance.

A Company Has Prepared the Operating Budget and the Cash