FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Kwanzan Industries expects to sell 470 units of Product A and 410 units of Product B each day at an average price of $25 for Product A and $28 for Product B. The expected cost for Product A is 45% of its selling price and the expected cost for Product B is 65% of its selling price. Kwanzan Industries has no beginning inventory, but it wants to have a four-day supply of ending inventory for each product. Compute the budgeted purchases for the next (seven-day) week. (Round the answer to the nearest dollar.)
Group of answer choices
$92,920
$140,245
$89,247
$162,610
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