Merchandise Purchases Budget- Beginning Inventory

hibsgal · #1 Apr 6, 2008, 02:17 PM

Hey guys I really need help!

I have this

Current assets as of Dec 31:

Cash: $6,000
Accounts Receivable: $36,000
Inventory $9,800
Building and Equipment, net: $110,885
Accounts Payable: $32,550
Capital Stock: $100,000
Retained Earnings: $30,135

So, beginning inventory for January would be $9,800, but what about Feb and March? does it change?

hibsgal · Apr 6, 2008, 02:35 PM

Quote:

Originally Posted by hibsgal

Hey guys I really need help!

I have this

Current assets as of Dec 31:

Cash: $6,000
Accounts Receivable: $36,000
Inventory $9,800
Building and Equipment, net: $110,885
Accounts Payable: $32,550
Capital Stock: $100,000
Retained Earnings: $30,135

So, beginning inventory for January would be $9,800, but what about Feb and March? does it change?

I figured it out, thanks anyway