At the end of October, budgeted ending inventory is:
A. $20,000.
B. $28,000.
C. $40,000.
D. None of the above is
Answer:B
At the end of October, budgeted ending inventory is:
A. $20,000. B. $28,000. C. $40,000. D. None of the above is
Explanation: B) November sales $200,000 × (1 - 30%) = $140,000 COGS × 20% = $28,000