Skymont Company Wants an Ending Inventory Each Month Equal to 30

question 6

Multiple Choice

Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold.Cost of goods sold for February is projected at $45,000.Ending inventory at the end of January was $12,000.Based on this information,purchases for February would be:

• A) $31,500.
• B) $46,500.
• C) $43,500.
• D) $33,000.

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Definitions:

Aquatic Zone

Areas of water, either fresh or salt, that are home to a wide variety of plant and animal life, segmented into different habitats like lakes, rivers, and oceans.

Benthic Zone

The ecological region at the lowest level of a body of water including the sediment surface and some sub-surface layers.

Bathyal Zone

A marine environment zone that extends from the edge of the continental shelf down to about 4,000 meters, known for its limited light and considerable pressure.

Abyssal Zone

A deep-sea region lying between 3,000 and 6,000 meters below the ocean surface, characterized by cold temperatures, high pressure, and complete darkness.