Chapter 22 Graded HW #2 Saved Help Save & Exit Submit Check my work 1 QS 22-27A (Algo) Merchandising: Schedule of cash payments LO P4 2 points Torres Company budgets merchandise purchases of $15,800 in January, $17,600 in February, and $21,200 in March. For those purpose 60% of purchases are paid in the month of purchase and 40% are paid in the month after the purchase. The company purchased $28,000 of merchandise in December. eBook Prepare a schedule of cash payments for merchandise for the months of January, February, and March. Print References TORRES CO. Cash Payments for Merchandise Purchases January February March Merchandise purchases $ 15,800 $ 17,600 $ 21,200 Cash payments for Current period purchases Prior period purchases Total cash payments for purchases Chapter 22 Graded HW #2 Saved Help Save & Exit Submit Check my work 2 QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of 1,470,000 in April, 1,200,000 in May, 560,000 in June, and 1,880,000 in July. Beginning inventory on April 1 is 360,000 units, and the company wants to have 30% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June. 4 points eBook LEXI COMPANY Merchandise Purchases Budget April Print May June References Next period budgeted sales units Ratio of inventory to future sales Total required units Units to purchase Cost per unit Cost of merchandise purchases