Allain, Inc has the following budgeted figures
Jan Feb Mar April
Sales $55,300 $62,000 $89,000 $95,000
Cost of goods sold 60% of sales
Required ending inventory $15,000 + 20% of next month's sales
Inventory on hand on Jan 1 $27,000
Calculate the ending merchandise inventory for the month of March.
A) $32,800
B) $68,400
C) $33,580
D) $53,400
A .A) Ending merchandise inventory for
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