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Question - Outdoor Company expects to sell 7,500 units for $190 each for a total of $1,425,000 in January and 3,500 units for $200 each for a total of $700,000 in February. The company expects cost of goods sold to average 70% of sales revenue, and the company expects to sell 4,100 units in March for $220 each. Outdoors target ending inventory is $16,000 plus 50% of the next month's cost oi goods sold.
Prepare Outdoor's inventory, purchases, and cost of goods sold budget for January and February?
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