Gap’O has projected sales of 325,000 hospital gowns in October. Each gown requires 2.5 yards of fabric. Th e beginning inventory of fabric and gowns, respectively, are 5,000 yards and 21,000 gowns. Gap’O wants to have 4,550 yards of fabric and 15,800 gowns on hand at the end of October. The fabric comes in 15-yard bolts. If Gap’O has no beginning or ending Work in Process Inventory, how many bolts of fabric must the company purchase in October?
Gap’O has projected sales of 325,000 hospital gowns in October. Each gown requires 2.5 yards of fabric. Th e beginning inventory of fabric and gowns, respectively, are 5,000 yards and 21,000 gowns. Gap’O wants to have 4,550 yards of fabric and 15,800 gowns on hand at the end of October. The fabric comes in 15-yard bolts. If Gap’O has no beginning or ending Work in Process Inventory, how many bolts of fabric must the company purchase in October?
Related questions
1. A sporting goods store purchased $9,450 worth of ski boots inOctober. The store had $4,050 of ski boots in inventory at thebeginning of October and expects to have $3,400 of ski boots ininventory at the end of October to cover part of anticipatedNovember sales. What is the budgeted cost of goods sold forOctober? A. 7450 B. 9450 C. 10100 D. 12850 E. 13500
2. Lingstat Company is trying to decide how many units ofmerchandise to order each month. The company's policy is to have20% of the next month's sales in inventory at the end of eachmonth. Projected sales for August, September, and October are10,500 units, 14,250 units, and 6,750 units, respectively. How manyunits must be purchased in September? A. 15600 B. 13500 C. 9000 D.12750 E. 15750 |
A company has beginning inventory of 42 units at a cost of$13.00 each on October 1. On October 5, it purchases 27 units at$14.00 per unit. On October 12 it purchases 37 units at $15.00 perunit. On October 15, it sells 81 units. Using the FIFO periodicinventory method, what is the value of the inventory at October 15after the sale? |
