Bronkov Company Has the Following Data The Cost of Goods Sold Percentage Is 65% of Sales

question 55

Multiple Choice

Bronkov Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 48,000\end{array}$
The cost of goods sold percentage is 65% of sales and the desired ending inventory level is 25% of next month's sales at cost.What are the expected total purchases for June?

• A) $17,500
• B) $32,500
• C) $32,825
• D) $40,950

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