Haggle Corporation, a Wholesaler, Has a Sales Budget for Next

Multiple Choice

Haggle Corporation, a wholesaler, has a sales budget for next month of $400,000.Cost of units sold is expected to be 35% of sales.All units are paid for in the month following purchase.The beginning inventory of units is $10,000, and an ending amount of $12,000 is desired.Beginning accounts payable is $76,000. The cost of units sold for next month is expected to be _____.

A) $220,000
B) $172,000
C) $162,000
D) $140,000