Use the Information Below to Answer the Following Question(s)

question 171

Multiple Choice

Use the information below to answer the following question(s) .
Peabody Enterprises prepared the following sales budget:

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.
-What is the desired beginning inventory on June 1 at Peabody Enterprises?

• A) $1,120
• B) $1,680
• C) $1,440
• D) $8,400

---

Definitions:

Osteoporosis

A bone disease characterized by decreased bone density and mass, leading to increased fragility and risk of fractures.

Scurvy

A disease resulting from a deficiency of vitamin C, characterized by symptoms such as bleeding gums, weakness, and bruising.

Animal Products

Products derived from parts of or secretions from animals, including meat, dairy, eggs, and honey, used for human consumption or other purposes.

Protein Requirements

The necessary amount of protein an organism needs to consume to maintain health, growth, and bodily functions.