Matthew Company Has a Sales Budget for Next Month of $400,000.Cost

question 31

Multiple Choice

Matthew Company has a sales budget for next month of $400,000.Cost of goods sold is expected to be 40% of sales.All units are paid for in the month following purchase.The beginning inventory is $5,000 and an ending inventory of $12,000 is desired.Beginning accounts payable is $76,000.The cost of goods sold for next month is ________.

• A) $140,000
• B) $160,000
• C) $172,000
• D) $220,000

---

Definitions:

Organophosphate

A class of chemicals, often used as insecticides, that can be toxic to the nervous system by inhibiting essential enzymes.

Insecticide

Chemical substances used to kill insects, playing a critical role in pest control and the prevention of vector-borne diseases.

Metabolic Tolerance

An adaptive process where increased metabolic activity reduces the effective concentration of a substance, such as a drug, requiring higher doses to achieve the same effect.