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-   -   Merchandise Purchases Budget- Beginning Inventory (https://www.askmehelpdesk.com/showthread.php?t=202958)

  • Apr 6, 2008, 02:17 PM
    hibsgal
    Merchandise Purchases Budget- Beginning Inventory
    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?
  • Apr 6, 2008, 02:35 PM
    hibsgal
    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

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