Bruner Stores wants to have 700 shovels in ending inventory on December 31. Budgeted sales for December are 1950 shovels. The November 30 inventory was 260 shovels. How many shovels should Benson Stores purchase for December?

Question

Quizplus · Accepted Answer

To calculate the number of shovels to purchase, use the formula: Purchases = Sales + Ending Inventory - Beginning Inventory. So, Purchases = 1950 + 700 - 260 = 2390.

Bruner Stores Wants to Have 700 Shovels in Ending Inventory