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.

---

Definitions:

Ethical Responsibilities

Ethical responsibilities are the moral obligations or duties that individuals, professionals, or organizations have towards others, including acting with integrity and adhering to ethical principles.

Ethical Dilemma

A situation involving a difficult choice between alternatives that all have potential moral implications.

Conceptualizing

The process of forming a clear and detailed idea or theory in the mind.