Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of...
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Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 19,000 units. Company policy is to end each month with merchandise inventory equal to 10% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 190,000 units in October. July August September Sales (Units) Purchases (Units) 210,000 320,000 310,000 221,000 319,000 298,000 Prepare the merchandise purchases budgets for the months of July, August, and September. Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 19,000 units. Company policy is to end each month with merchandise inventory equal to 10% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 190,000 units in October. July August September Sales (Units) Purchases (Units) 210,000 320,000 310,000 221,000 319,000 298,000 Prepare the merchandise purchases budgets for the months of July, August, and September.
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To prepare the merchandise purchases budgets for the months of July August and September we need to ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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