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Create a Purchases Budget for "Rest Assured"

The next step in the budgeting process is to prepare a "Purchases Budget" for your client. Here is some information that you will need to create the Purchases Budget.

Cost of sales for food and beverages is $30\%$ of the sales price.

The ending inventory for December $31,2021$ was $$1,047$

Rest Assured has a set standard that $20\%$ of the next month's inventory requirements should be in stock prior to the start of the month.

Forecasted sales for February are $$17,287.$

Complete the Purchases Budget by filling in the blanks. Round to the nearest whole number. Do not include commas or decimals, etc. Use $($brackets$)$ for negative numbers when necessary.

Rest Assured

Purchases Budget $-$ Restaurant

For the Month Ending January $31,2022$

$$

$$

$$January

$$

$$Cost of Sales

$$

$$$Blank $1$

$$

$$Beginning Inventory

$$

$$$Blank $2$

$$

$$Ending Inventory

$$

$$$Blank $3$

$$

$$Required Purchases

$$

$Blank $4$

$$

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Blank $4$

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