Question: Loud Sounds sells specialty car stereo systems On March 31

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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