Craven Company plans to sell 20,000; 22,000; 30,000; and 34,000, respectively, units per month for the next

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Craven Company plans to sell 20,000; 22,000; 30,000; and 34,000, respectively, units per month for the next four months. The desired ending finished goods inventory is 5 percent of the expected sales in the next month. Beginning inventory is 2,000 units. Each unit can be purchased for $3.Required: Prepare the purchases budget, by month, for the first three months.

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Introduction To AccountingAn Integrated Approach

ISBN: 9781119600107

8th Edition

Authors: Penne Ainsworth, Dan Deines

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