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Crouse Corporation Has the Following Information

Question 68

Multiple Choice

Crouse Corporation has the following information:
Crouse Corporation has the following information: The cost of goods sold percentage is 65 percent, and the desired inventory level is 25 percent of next month's sales. -The total purchases budgeted for June should be A) $204,750. B) $164,125. C) $162,500. D) $ 87,500. The cost of goods sold percentage is 65 percent, and the desired inventory level is 25 percent of next month's sales.
-The total purchases budgeted for June should be


A) $204,750.
B) $164,125.
C) $162,500.
D) $ 87,500.

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