Norton Company prepared the following sales budget:

1)        Refer to Case 21-1. What is the desired beginning inventory on June 1? A)  $36,000

B) $39,600 

C) $43,200  

D)  $46,800

2)        Refer to Case 21-1. What is the desired ending inventory on May 31? A)  $28,800

B) $43,200  

C) $46,800 

 D)  $72,000

3)        Refer to Case 21-1. What is the desired cost of goods sold for May? A)  $43,200

B) $72,000 

C) $132,000  

D)  $144,000

4)        Refer to Case 21-1. What are the total purchases budgeted for April? A)  $72,000

B) $108,000 

C) $115,200 

 D)  $147,600

5)        Refer to Case 21-1. What are the total purchases budgeted for May? A)  $132,000

B) $135,600  
C) $139,200  
D)  $175,200

Answer