Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 20% of
Posted: Sun Jul 03, 2022 3:54 pm
Walker Company prepares monthly budgets. Company policy is toend each month with merchandise inventory equal to 20% of budgetedunit sales for the following month. Budgeted sales and merchandisepurchases for the next three months follow. Beginning inventory onJuly 1 is 42,000 units. The company budgets sales of 190,000 unitsin October. The merchandise cost per unit is $2.
Prepare the merchandise purchases budgets for the months of July,August, and September.
Next period budgeted sales units Ratio of inventory to future sales Total required units WALKER COMPANY Merchandise Purchases Budget July Units to purchase Cost per unit Cost of merchandise purchases August September
Prepare the merchandise purchases budgets for the months of July,August, and September.
- Walker Company Prepares Monthly Budgets Company Policy Is To End Each Month With Merchandise Inventory Equal To 20 Of 1 (154.16 KiB) Viewed 11 times