Freighters,Inc A) $23,600
B) $51,700
C) $24,700
D) $4,500

Multiple Choice

Freighters,Inc.has the following budgeted figures: Calculate the budgeted purchases for the month of January.
$\begin{array}{|l|l|l|l|l}\hline & \text {Jan } & \text { Feb } & \text { Mar } & \text { April } \\\hline \text { Sales } & \$ 56,200 & \$ 68,000 & \$ 82,000 & \$ 91,000 \\\hline \text { Cost of goods sold } & 50 \% \text { of sales } & & & \\\hline & \$ 10,000+20 \% & & & \\& \begin{array}{l}\text { of next month's } \\\text { sales }\end{array} & & & \\\text { Required ending inventory } & & & & \\\hline \text { Inventory on hand on Jan 1 } & \$ 27,000 & & \\ \hline\end{array}$

A) $23,600
B) $51,700
C) $24,700
D) $4,500