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Amount of water purchased during the month of March

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Cola inc. is working on their budget for next year. COGS has been estimated at 60% of sales. Water purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20% of sales and are paid during the month of sale. Other operating costs amounting to 25% of sales are to be paid in the month following sales. Sales revenue is forecasted:

Feb $220,000
March $225,000
April $240,000
May $250,000
June $255,000

What is the amount of water purchased during the month of March?

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Solution Summary

The amount of water purchased during the month of March is determined.

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Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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