Budgeted sales for the first quarter for Cullison Company, a retailer, are as follows: Cullison started the year with an inventory of 7,500 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for February would be

A) 111,000
B) 110,000
C) 101,000
D) 100,000

Question

Budgeted sales for the first quarter for Cullison Company, a retailer, are as follows: Cullison started the year with an inventory of 7,500 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for February would be

A) 111,000 
B) 110,000 
C) 101,000 
D) 100,000

Quizplus · Accepted Answer

The Answer of Budgeted sales for the first quarter for Cullison Company, a retailer, are as follows: Cullison started the year with an inventory of 7,500 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for February would be

A) 111,000 
B) 110,000 
C) 101,000 
D) 100,000

Budgeted Sales for the First Quarter for Cullison Company, a Retailer