Ask Experts Questions for FREE Help !
Ask
    hibsgal's Avatar
    hibsgal Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Apr 6, 2008, 02:17 PM
    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?
    hibsgal's Avatar
    hibsgal Posts: 2, Reputation: 1
    New Member
    		  
    #2

    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Purchases budget [ 1 Answers ]

Hello I am having problems answering this question on purchaseing budgets. THE ANSWER I GOT WAS but I don't think this is right. I may have the wrong set up. Can some one plese help me Beginning April may June Beginning inventory 9540 9180 9810...

Periodic inventory worksheet-Merchandise Inventory [ 1 Answers ]

I can't figure out what I am missing under a periodic inventory. My beginning merchadise inventory as of jan 1 is 20,000. Merchandise inventory at Jan 31st is 15000. How do I record on the worksheet the diffrence between the beginning and ending merchandise inventory. Do I have to add an...

Preparing a Merchandise purchase budget. [ 1 Answers ]

Preparing a Merchandise purchase budget. -------------------------------------------------------------------------------- Weller Industrial Gas corp. supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $330,000 for...

Merchandise Purchases Budget! [ 1 Answers ]

I need to prepare a merchandise purchases budget (in units) for each of the months of March, April and May. The given data is the following: *UNITS INVENTORY FOR FEBRUARY 2008: Footwear: 20,000 Sports Equipment: 80,000 Apparel: 50,000 *DESIRED ENDING INVENTORY AS PERCENTAGE OF EXPECTED...

View more questions Search