Which One of the Following Is the Correct Formula for Determining

question 114

Multiple Choice

Which one of the following is the correct formula for determining budgeted merchandise purchases?

• A)budgeted sales + desired ending inventory - beginning inventory
• B)budgeted production - sales + beginning inventory - desired ending inventory
• C)budgeted sales - cost of goods sold + desired ending inventory - beginning inventory
• D)budgeted sales - cost of goods sold + beginning inventory - desired ending inventory

---

Definitions:

Vendor

An individual or business that supplies goods or services to another entity, often within a supply chain.

Products or Services

Refers to the goods that are manufactured and sold or the tasks that are performed by a business in exchange for money.

Individual

Refers to a single human being as separate from a group, class, or family.

Organization

An entity comprising multiple people, such as an institution or an association, that has a particular purpose.