Pinto Company Has the Following Data: Cost of Goods

question 29

Multiple Choice

Pinto Company has the following data: Cost of goods sold average 60% of sales.The inventory at December 31 was $19,440.Desired ending inventory levels are 30% of next month's sales at cost.What is the desired ending inventory value at February 28?

• A)$23,760
• B)$25,920
• C)$39,600
• D)$43,200

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