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Voyager Company Has the Following Data: the Cost of Goods

Question 68

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Voyager Company has the following data: Voyager Company has the following data: The cost of goods sold percentage is 80% of sales and the desired ending inventory level is 25% of next month's sales at cost.What is the beginning inventory on August 1? A) $4,200 B) $8,450 C) $9,600 D) $38,400 The cost of goods sold percentage is 80% of sales and the desired ending inventory level is 25% of next month's sales at cost.What is the beginning inventory on August 1?


A) $4,200
B) $8,450
C) $9,600
D) $38,400

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