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How much merchandise inventory will the rob need

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Question - The Rob Wallace Corporation has a sales budget for next month of $400,000. Cost of goods sold is expected to be $250,000. All goods are paid for in the month following their purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $12,000 is desired. Beginning accounts payable is $52,000.

How much merchandise inventory will The Rob Wallace Corporation need to purchase next month?

a. $250,000

b. $190,000

c. $246,000

d. $400,000

Reference no: EM132071606

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