A company budgets unit sales of 700 in January, 780 in February, 840 in March, and...

 

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A company budgets unit sales of 700 in January, 780 in February, 840 in March, and 680 in April. The company wants to have 30% of next month's unit sales in inventory at the end of each month. Beginning inventory on January 1 is 210 units. The merchandise cost is $5 per unit. Prepare a merchandise purchases budget for the months of January, February, and March. A company budgets unit sales of 700 in January, 780 in February, 840 in March, and 680 in April. The company wants to have 30% of next month's unit sales in inventory at the end of each month. Beginning inventory on January 1 is 210 units. The merchandise cost is $5 per unit. Prepare a merchandise purchases budget for the months of January, February, and March.

Answer rating: 100% (QA)

Merchandise Purchases Budget MonthUnit SalesDesired Ending Inventory 30 of Next MonthTotal Units Nee... View the full answer