Question : 141. An August sales forecast projects 6,000 units going to be : 1239557

141. An August sales forecast projects 6,000 units are going to be sold at a price of $11.50 per unit. The desired ending iventory in units is 15% higher than the beginning inventory of 1,000 units.  Total August sales are anticipated to be:  
A. $80,500
B. $69,000
C. $60,000
D. $57,500

142. A department store has budgeted sales of 12,000 men’s suits in September.  Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 units.  What is the dollar amount of the purchase of suits?  Each suit has a cost of $75. 
A. $900,000
B. $1,050,000
C. $1,350,000
D. $1,200,000

143. A sporting goods store purchased $7,000 of ski boots in October.  The store had $3,000 of ski boots in inventory at the beginning of October, and expects to have $2,000 of ski boots in inventory at the end of October to cover part of anticipated November sales.  What is the budgeted cost of goods sold for October? 
A. $10,000
B. $5,700
C. $8,000
D. $9,500

144. Truliant co. sells a product called Withall and has predicted the following sales for the first four months of the current year:
 

January

February

March

April

Sales in units

1,700

1,900

2,100

1,600

Ending inventory for each month should be 20% of next month’s sales, and the December 31 inventory is consistent with that policy.  How many units should be purchased in February?
 
A. 1,940
B. 1,800
C. 1,900
D. 1,850

145. Yadkin Valley’s April sales forecast projects that 6,000 units will sell at a price of $10.50 per unit.  The desired ending inventory is 30% higher than the beginning inventory, which was 1,000 units.  Budgeted purchases of units in April would be: 
A. 7,000 units
B. 6,000 units
C. 6,300 units
D. 7,300 units

146. Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively.  The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units.  The beginning inventory of Product B is 2,500 units.  The desired ending inventory of B is 3,000 units.

Total budgeted sales of both products for the year would be: 
A. $42,000
B. $200,000
C. $264,000
D. $464,000

147. Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively.  The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units.  The beginning inventory of Product B is 2,500 units.  The desired ending inventory of B is 3,000 units.

Budgeted purchases of Product A for the year would be: 
A. 22,400 units
B. 20,400 units
C. 20,000 units
D. 12,200 units

148. Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively.  The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units.  The beginning inventory of Product B is 2,500 units.  The desired ending inventory of B is 3,000 units.

Budgeted purchases of Product B for the year would be: 
A. 24,500 units
B. 22,500 units
C. 26,500 units
D. 23,200 units

149. Heedy Company is trying to decide how many units of merchandise to order each month.  The company policy is to have 20% of the next month’s sales in inventory at the end of each month.  Projected sales for August, September, and October are 30,000 units, 20,000 units, and 40,000 units, respectively.  How many units must be purchased in September? 
A. 24,000
B. 18,000
C. 28,000
D. 22,000

150. If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be: 
A. $1,100
B. $9,300
C. $11,360
D. $11,250