Question: please show all work THANK YOU The following data is available for a merchandising company at the end of the month: March Inventory -38,000 units
The following data is available for a merchandising company at the end of the month: March Inventory -38,000 units of product The following are budgeted sales of product in units: Month April May June July 60,000 units 75,000 units 90,000 units 81,000 units Budgeted Sales (# of units) Beginning in April, the company's policies include the following: Inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. Complete the merchandise purchases budget (in units not $) below: April May June July 2 ? ? ? Budgeted unit sales Desired ending inventory ? ? ? Total needs ? 2 ? Less beginning inventory ? 2 Required purchases 2 2 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
