Allen, Inc

Subject:AccountingPrice:2.87 Bought7

Share With

Allen, Inc. has the following budgeted? figures:

                    Jan            Feb                 Mar                 April

Sales          $57,200     $68,000            $82,000         $92,000

Cost of goods sold 60?% of sales

Required ending inventory $15,000 ?+ 20?% of next? month's sales

Inventory on hand on Jan 1 $30,000

Calculate the ending merchandise inventory for the month of March.