Brooks Company expects to sell 8,500 units for $175 each for a total of $1,487,500 in January and 2,500 units for $200 each for a total of $500,000 in February The company expects cost of goods sold to average 70% of sales revenue and the company expects to sell 4,700 units in March for 5280 each Brooks's targetending inventory is $20,000 plus 50% of the next month's cost of goods sold. Prepare Brooks's inventory purchases, and cost of goods sold budget for January and February February Brooks Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Enter any number in the edit fields and then click Check Answer 2 All parts showing Clear All Check Answer
