I've already come up with the sales, COGS, and the desired inventory dollar amounts. I just need to know what the actual format looks like because I don't want to lose points for not using the right format.
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I've already come up with the sales, COGS, and the desired inventory dollar amounts. I just need to know what the actual format looks like because I don't want to lose points for not using the right format.
Pascall Corp. expects to sell 1,300 units of its camera bags in March and 900 units in April. Each unit sells for $110. Pascall’s ending inventory policy is 40 percent of the following month’s sales. Pascall pays its supplier $50 per unit.
A simple P&L statement including opening and closing inventory in the cost of sales calculation with the data for each month arranged in columns to allow comparison should surfice
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