Question: ( Please help me check over my work. ) . Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory
Please help me check over my work. Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning inventory on July is units. The company budgets sales of units in October. The merchandise cost per unit is $ Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning inventory on July is units. The company budgets sales of units in October. The merchandise cost per unit is $
begintabularlccr
& July & August & September
Budgeted sales units & & &
Units to purchase & & &
endtabular
Prepare the merchandise purchases budgets for the months of July, August, and September.
begintabularllll
hline multicolumncWALKER COMPANY
hline multicolumncMerchandise Purchases Budget
hline & July & August & September
hline Budgeted sales units & & &
hline Add: Desired ending inventory & & &
hline Next period budgeted sales units & & &
hline Ratio of inventory to future sales & & &
hline Desired ending inventory units & & &
hline Total required units & & &
hline Less: Beginning inventory units & & &
hline Units to purchase & & &
hline Cost per unit & $ & $ & $
hline Cost of merchandise purchases & & &
hline
endtabular
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