Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a beginning inventory of ₱235,000. Cost of sales is 68% of sales. Compute the budgeted purchases. ₱181,400 ₱651,400 ₱1,151,400 ₱681,400

Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a beginning inventory of ₱235,000. Cost of sales is 68% of sales. Compute the budgeted purchases. ₱181,400 ₱651,400 ₱1,151,400 ₱681,400

Name: 6Lab Company's targeted ending inventory is ₱250,000. Its forecasted s
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Description: 6Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a beginning inventory of ₱235,000. Cost of sales is 68% of sales. Compute the budgeted purchases. ₱181,400 ₱651,400 ₱1,151,400 ₱681,400

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1EB: Lovely Wedding printing is budgeting sales of 32,000 units and already has 4,000 in beginning...

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How many units are in beginning inventory it 32,000 units are budgeted for sales, 35,000 units are produced, and the desired ending inventory is 9,000 units?
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Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a beginning inventory of ₱235,000. Cost of sales is 68% of sales. Compute the budgeted purchases. ₱651,400 ₱681,400 ₱181,400 ₱1,151,400