AVAILABLE OPTIONS ON THE BOTTOM LEFT BLANK:

Direct Materials Purchases

Budgeted Cost of Goods Sold

direct Materials Per Unit

Required Merchandise Purchases

total Required Units

Beginning Merchandise Inventory

Beginning Direct Materials

Desired Ending Merchandise Inventory

Desired Ending Finished Goods Inventory

Do It! Review 21-5 Zeller Company estimates that 2017 sales will be $42,800 in quarter 1, $52,600 in quarter 2, and $62,100 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 12% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. ZELLER COMPANY Merchandise Purchases Budget For the Six Months Ending June 30, 2017 2 Six Months 42800 Budgeted Cost of Goods Sold Add . Desired Ending Finished Goods Inventory Total Required Units Less Beginning Merchandise Inventory 513 LINK TO TEXT