eat Logos buys​ logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,009,000 in​ September, $2,250,000 in​ October, $2,378,000 in​ November, and $2,560,000 in December. Neat Logos sets its prices to earn an average 30​% gross profit on sales revenue. The company does not want inventory to fall below $440,000 plus 10​% of the next​ month's cost of goods sold.   Prepare a cost of goods​ sold, inventory, and purchases budget for the months of October and November.

Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bulk discounters and sells the sunglasses in the mall kiosks. Shamrock is in the process of budgeting for the coming year and has projected sales of $310,000 for January, $390,000 for February, $550,000 for March, and $590,000 for April. Shamrock’s desired ending inventory is 30 percent of the following month’s cost of goods sold. Cost of goods sold is expected to be 20 percent of sales.   Required: Compute the required purchases for each month of the first quarter (January–March).

Forrest Company manufactures phone chargers and has a JIT policy that ending inventory should equal 10% of the next month’s estimated unit sales. It estimates that October’s actual ending inventory will consist of 40,000 units. November and December sales are estimated to be 400,000 and 350,000 units, respectively. Compute the number of units to be produced in November.

The warehouse has projected sales for June through September of 56,700, 68,900, 70,200, and 54,300. The company collects 46 percent of its sales in the month of sale, 51 percent in the month of sale, and 2 percent in the second month following the month of sale. The remaining sales are never collected. What is the amount of the August collections?   -62,158 -65,863 -65,516 -68,565 -67,288

Osage Incorporated has actual sales for May and June and forecast sales for July, August, September, and October as follows: Actual: May June Forecast: July August 5,300 units 7,800 units September 5,900 units October 5,800 units 6,900 units 6,600 units Required: a. The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 50% of the next month's sales. It is currently estimated that there will be 2,650 units on hand at the end of June. Calculate the number of units to be produced in each of the months of July, August, and September. b. Each unit of finished product requires 8 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the end of each month that is equal to 80% of the next month's estimated usage. It is currently estimated that 25,000 pounds of raw materials will be on hand at the end of June. Calculate the number of pounds of raw materials to be purchased in each of the months of July and August.…

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Corey's Campus Store has P50,000 of inventory on hand at the beginning of the month. During the month, the company buys P80,000 of merchandise and sells merchandise that had a cost of P30,000. How much is the unsold inventory? Show your solution.

Skymont 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, what would be the purchases for February?

A merchandiser plans to sell 12,100 units next month at a selling price of $110 per unit. It also gathered the following cost estimates for next month: Cost Cost of goods sold Advertising expense Depreciation expense Shipping expense Administrative salaries Sales commissions Insurance expense Cost Formula $60 per unit sold. $150,000 per month $70,000 per month. $100,000 per month +$10 per unit sold $50,000 per month. 5% of sales $15,000 per month What is the estimated total contribution margin for next month?

The Constantine Corporation purchases robes for $12 per unit and then sells them for $25 per unit. The company estimated the following sales for the first four months of the current year: January 8,000 units, February 12,000 units, March 9,000 units and April 7,000 units. The company has rent expense of $5,600 and personnel salaries of $32,000 each month as well as variable advertising costs of $3 per unit based on monthly sales. Ending inventory at December 31st is 2,000 units and for each month after that is expected to be 10% of the next month's sales. What total dollar amount of purchases is projected for March?