Question

Loud Sounds sells specialty car stereo systems. On March 31, the company had 60 systems in inventory. The company’s policy is to maintain inventory equal to 5 percent of next month’s projected sales. The company expects the following sales activity for the second quarter of the year:
April ....... 140 stereos
May ........ 100 stereos
June ....... 120 stereos

Required
Prepare a purchases budget for the month of May.



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  • CreatedMarch 11, 2015
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