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Cost Management for Wild West Fashion

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Wild West Fashion expects the total costs of goods sold to be $30,000 in November and $60,000 in December for one of its young adult suits. Management also wants to have on hand at the end of each month 10 percent of the expected total cost of sales for the following month. What dollar amount of suits should be purchased in November?

$26,000.
$27,000.
$33,000.
$36,000.
$60,000.

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Solution Summary

This solution is comprised of a brief, concise equation set-up and calculation of purchases required using cost of goods sold and required ending inventory.

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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