Donna Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $368,000for April and $441,600for May. Cost of goods sold is expected to be60% of sales. The company's desired ending inventory is25% of the following month's cost of goods sold. Compute the required purchases for April.

Donna Wholesalers Purchases Budget choose the accounting period

select an opening merchandise purchases budget item

		$enter a dollar amount
select between addition and deduction

		enter a dollar amount
select a summarizing line for the first part

		enter a total amount for the first part
select between addition and deduction

		enter a dollar amount
select a closing merchandise purchases budget item

		$enter a total dollar amount

 

Answer rating: 100% (QA)

To compute the required purchases for April we need to follow these steps 1 Calculate the cost ... View the full answer