Ask Question
BusinessBusiness
22 March, 18:36

Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The November 30 inventory was 320 shovels. How many shovels should Benson Stores purchase for December?

+4
Answers (1)
  1. 22 March, 18:56
    0
    Purchases = 2100 shovels

    Explanation:

    given data

    ending inventory = 500 shovels

    Budgeted sales = 1,950 shovels

    inventory = 320 shovels

    to find out

    How many shovels should Benson Stores purchase for December

    solution

    we know here ending inventory formula that is express as

    Ending inventory = Beginning inventory + Purchases - Sales ... 1

    put here value we will get Purchases

    so that

    500 = 320 + Purchases - 1950

    Purchases = 500 + 1950 - 350

    Purchases = 2100 shovels
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The November 30 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
True or false: Interest expense and income tax expense are considered general and administrative expenses and, therefore, are included on the general and administrative expense budget.
Answers (1)
What is the incidence of a tax? Question 3 options: The sum of a tax and a product's price The final burden of a tax The levying of a tax on consumers The ratio of a tax to a product's price
Answers (1)
The management of Krane Software makes all its employees work overtime when they do not meet the desired levels of productivity. The management does not pay the employees for the overtime and dismisses anyone who asks for a raise.
Answers (1)
The tax treatment of up-front financing costs calls for these expenses to be amortized over the life of the loan.
Answers (1)
An agreement among firms regarding price and/or production levels is called
Answers (1)
New Questions in Business
Interior Design Group is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares.
Answers (1)
How do international organizations establish and maintain a stable/cooperative world structure?
Answers (2)
Burberry makes fine raincoats, clothing, and other items, many featuring the company's distinctive plaids.
Answers (1)
AI Medical, Inc., is a private, for-profit corporation that is owned by six shareholders who are not members of the same family but are personally known to one another. They also serve as the directors and officers.
Answers (1)
What is the most common form of internal and external electronic communications in the workplace?
Answers (1)
Home » Business » Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The November 30 inventory was 320 shovels. How many shovels should Benson Stores purchase for December?
Sign Up Forgot Password?