Segal Company Has the Following Data The Cost of Goods Sold Percentage Is 80% of Sales

question 117

Multiple Choice

Segal Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 49,000\end{array}$
The cost of goods sold percentage is 80% of sales and the desired ending inventory level is 25% of next month's sales at cost.What is the beginning inventory on August 1?

• A) $4,200
• B) $8,450
• C) $9,800
• D) $10,400

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Definitions:

1,3-butadiene

An organic compound that is a simple conjugated diene with the formula C4H6, which is used as a monomer in the production of synthetic rubber.

UV λmax Absorption

The specific wavelength at which a substance absorbs the maximum amount of ultraviolet (UV) light, indicative of its chemical structure.

Conjugated Systems

A chemical structure where alternating single and double bonds allow for delocalized electrons across the structure, enhancing stability and color properties.

Sequence

An ordered list of numbers, objects, or events where the arrangement follows a specific pattern or rule.