Juice Company reported the following:Based on this information, the purchases for the next period should be:
A. $234,000.
B. $376,000.
C. $384,000.
D. $526,000.
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Olive Oil Company has the following information:Beginning inventory$170,000Net sales$800,000Net purchases$430,000Gross profit rate 45%Olive Oil's estimated ending inventory is:
A. $160,000.
B. $200,000.
C. $240,000.
D. $360,000.
Blue Moon Company has the following data for the year:What is the estimated ending inventory?
A. $65,000
B. $80,000
C. $85,000
D. $105,000
The following data are for Tina's Candy Store for January:What is the company's estimated cost of goods sold for the month?
A. $165,000
B. $176,000
C. $225,000
D. $264,000
The following data are for Tina's Candy Store for January:What is the company's estimated ending inventory for the month?
A. $105,000
B. $156,000
C. $210,000
D. $244,000