Clare Purchases a Single Product for $15 and Sells It

question 70

Multiple Choice

Clare purchases a single product for $15 and sells it for $30.Forecasted sales for the next three months are July 4,000 units,August 6,000 units,September 7,500 units.Clare's policy is to have an ending inventory of 40% of the next month's sales needs on hand.July 1 inventory is projected to be 1,500 units.What are budgeted purchases in units for August?

• A)6,600 units
• B)10,400 units
• C)5,400 units
• D)600 units

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