Budgeted sales for the second quarter for Maxwell Company, a retailer, are as follows: Maxwell started the quarter with an inventory of 30,000 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for May would be

A) 146,000
B) 120,000
C) 134,000
D) 122,000

Question

Budgeted sales for the second quarter for Maxwell Company, a retailer, are as follows: Maxwell started the quarter with an inventory of 30,000 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for May would be

A) 146,000 
B) 120,000 
C) 134,000 
D) 122,000

Quizplus · Accepted Answer

The Answer of Budgeted sales for the second quarter for Maxwell Company, a retailer, are as follows: Maxwell started the quarter with an inventory of 30,000 units. The company likes to maintain an inventory equal to 10 percent of next month's budgeted sales.
Budgeted purchases in units for May would be

A) 146,000 
B) 120,000 
C) 134,000 
D) 122,000

Budgeted Sales for the Second Quarter for Maxwell Company, a Retailer