Question: beginning and ending inventory figures for the quarter, not the totals of the respective rows. The Quarter' column and the To be purchased row must

beginning and ending inventory figures for the quarter, not the totals of the respective rows. The "Quarter' column and the "To be purchased row must cross-balance. Self-test problem 3.1 Rundle Ltd has estimated sales for January to April as: $ January February March April 150 000 180 000 120 000 165 000 The mark-up on cost is 50% and management requires that opening stock be 90% of sales (at cost) each month. Required Prepare a purchases budget for the three months ending 31 March You should now be able to do Questions 3.1 to 3.3

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