Question: The T Device Store divides inventory into two categories: I-Readers 9-Inch Personal Tablet The T device Store sets the selling price of all goods by
The T Device Store divides inventory into two categories: I-Readers 9-Inch Personal Tablet The T device Store sets the selling price of all goods by marking up the cost of purchases by 100% for all categories
Having taken into account industry trends and the current economic conditions, sales are expected to be as follows: July August September October I-Readers $ 80,200 $76,400 $73,000 $72,000 9-Inch Personal Tablet $ 65,000 $ 54,000 $ 59,000 $ 59,500 The T Device Store likes to hold enough stock to meet expected sales as follows: I-Readers: 80% of the cost of expected sales for the next month 9-Inch Personal Tablet: 70% of the cost of expected sales next month Purchases of 9-Inch Personal Tablet has already been calculated by the Assistant Accountant to be as follows: July $27,975 August $28,375 September $29,325 For this question, you will need to insert the data yourself into the Worksheet page labelled 'Part B Data'.
1 Using the above data supplied for The T device Store, prepare Purchases Budget for the quarter July to September 2018 for I-Readers only
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