Allain,Inc.has the following budgeted figures: $$\begin{array} { | l | l | l | l | l | }
\hline & \text { Jan } & \text { Feb } & \text { Mar } & \text { April } \
\hline \text { Sales } & \$ 55,300 & \$ 62,000 & \$ 89,000 & \$ 95,000 \
\hline \begin{array} { l }
\text { Cost of goods } \
\text { sold }
\end{array} & & & & \
\hline \begin{array} { l }
\text { Required of sales } \
\text { ending } \
\text { inventory }
\end{array} & \begin{array} { l }
\$ 15,000 + 20 \% \
\text { ff next month's } \
\text { sales }
\end{array} & & & \
\hline \begin{array} { l }
\text { Inventory on } \
\text { hand on Jan 1 }
\end{array} & \$ 27,000 & & & \
\hline
\end{array}$$ Calculate the ending merchandise inventory for the month of March.

Question

Allain,Inc.has the following budgeted figures: $$\begin{array} { | l | l | l | l | l | } 
\hline & \text { Jan } & \text { Feb } & \text { Mar } & \text { April } \
\hline \text { Sales } & \$ 55,300 & \$ 62,000 & \$ 89,000 & \$ 95,000 \
\hline \begin{array} { l } 
\text { Cost of goods } \
\text { sold }
\end{array} & & & & \
\hline \begin{array} { l } 
\text { Required of sales } \
\text { ending } \
\text { inventory }
\end{array} & \begin{array} { l } 
\$ 15,000 + 20 \% \
\text { ff next month's } \
\text { sales }
\end{array} & & & \
\hline \begin{array} { l } 
\text { Inventory on } \
\text { hand on Jan 1 }
\end{array} & \$ 27,000 & & & \
\hline
\end{array}$$ Calculate the ending merchandise inventory for the month of March.

Quizplus · Accepted Answer

The Answer of Allain,Inc.has the following budgeted figures: $$\begin{array} { | l | l | l | l | l | } 
\hline & \text { Jan } & \text { Feb } & \text { Mar } & \text { April } \
\hline \text { Sales } & \$ 55,300 & \$ 62,000 & \$ 89,000 & \$ 95,000 \
\hline \begin{array} { l } 
\text { Cost of goods } \
\text { sold }
\end{array} & & & & \
\hline \begin{array} { l } 
\text { Required of sales } \
\text { ending } \
\text { inventory }
\end{array} & \begin{array} { l } 
\$ 15,000 + 20 \% \
\text { ff next month's } \
\text { sales }
\end{array} & & & \
\hline \begin{array} { l } 
\text { Inventory on } \
\text { hand on Jan 1 }
\end{array} & \$ 27,000 & & & \
\hline
\end{array}$$ Calculate the ending merchandise inventory for the month of March.

Allain,Inc Calculate the Ending Merchandise Inventory for the Month of March