skyline company wants an ending inventory each month equal to 30% of that month's cost of goods sold. cost of goods sold for february is projected at $45,000. ending inventory at the end of january was $12,000. based on this information, purchases for february would be: a. $31,500. b. $46,500. c. $43,500. d. $33,000.

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. All costs and expenses directly associated with the creation of goods are included in the cost of goods sold (COGS). Indirect expenses like sales and marketing and overhead are not included in COGS. Gross profit and gross margin are determined by deducting COGS from revenues (sales). Lower margins are the result of higher COGS.

Explanation:

Using formula

Cost of Goods Sold 45000

Add: Ending inventory of Feb (45000 x 30%) 13500

Good available for sale for Feb 58500

Less: Beginning Inventory of Feb (12000)

Good Purchase in Feb 46500

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