JTQ Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 2
Posted: Thu May 19, 2022 2:20 pm
JTQ Company has provided the following
information:
Month
Budgeted Sales
March
$200,000
April
212,000
May
204,000
June
218,000
July
210,000
In addition, the
gross profit rate is 40% and the desired inventory level is 30% of
next month's cost of sales.
Required:
Prepare a purchases budget for April
through June.
information:
Month
Budgeted Sales
March
$200,000
April
212,000
May
204,000
June
218,000
July
210,000
In addition, the
gross profit rate is 40% and the desired inventory level is 30% of
next month's cost of sales.
Required:
Prepare a purchases budget for April
through June.