Rose Company Budgets Sales Of 440 Units In May And 480 Units In June The April 30 Ending Finished Goods Inventory Is 11 1 (32.85 KiB) Viewed 145 times
Rose Company budgets sales of 440 units in May and 480 units in June. The April 30 ending finished goods inventory is 110 units. If each month's ending inventory should be 25% of the next month's sales, the company will produce 450 units in May. O True False
Morris Company reports the following budgeted credit sales: September, $110,000; October, $132,000; and November, $160,000. If the company collects 60% of credit sales in the first month after the sale and 35% in the second month after the sale, Morris Company will have cash receipts of $117,700 in November. True False
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