Options available for the wrong answer that was entered as "Desired Ending Finished Goods Inventory" as follows:

Total Required Units

Beginning merchandise Inventory

Beginning Direct Materials

Direct Materials Purchases

Budgeted Cost of Goods Sold

Required Merchandise Purchases

Desired Ending Finished Goods Inventory

Desired Ending Merchandise Inventory

Direct Materials Per Unit

Do It! Review 21-5 Your answer is partially correct. Try again 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 Quarter 2 Six Months Budgeted Cost of Goods Sold 21400 26300 Add Desired Ending Finished Goods Inventory 3156 3726 Total Required Units 24556 30026 Less Beginning Merchandise Inventory 2996 3156 21560 26870 48430 Required Merchandise Purchases LINK TO TEXT Question Attempts: 1 of 3 used