Solved: Beginning inventory of mens shorts for march is expected to, Accounting Basics

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Beginning inventory of mens shorts for march is expected to

Goddard's Department Store has budgeted cost of goods sold of $44,000 for its men's shorts in March. Management also wants to have $8,000 of men's shorts in inventory at the end of March to prepare for the summer season. Beginning inventory of men's shorts for March is expected to be $5,500. What dollar amount of men's shorts should be purchased in March?

A. $41,500
B. $30,500
C. $57,500
D. $46,500

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