Question

MFL sakes expects to sell 460 units of product A and 380 units of product B...

MFL sakes expects to sell 460 units of product A and 380 units of product B each day at an average price of $24 for product A and $26 for product B . The expected cost for product A is 40% of its selling price and its expected cost for product B is 58% of its selling price. MFL sales no beginning inventory but it’s wants to have a six day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven day) week. (Round to the nearest dollar)
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Answer #1
Sales-7-Days
Units/Day Total-Units Price Revenue/Day Total-Revenue Cost-of-Sales
Product-A 460 3220 24 11040 77280 30912
Product-B 380 2660 26 9880 69160 40112.8
20920 146440 71024.8
Closing-Stock
Units Cost/unit Cost
Product-A 460*6 2760 9.6 26496
Product-B 380*6 2280 15.08 34382.4
Closing-Stock 60878.4
Next-7-Day-Week
Product-A Product-B
Sales 3220 2660
Add:Closing-Stock 2760 2280
Less:Opning-Stock 2760 2280
Purchases 3220 2660
Price 9.6 15.08
COGS 30912 40112.8 71024.8
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