Budgeted sales of Wirtz Music Shop for the first six months of 2017 are as follows: Beginning
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Budgeted sales of Wirtz Music Shop for the first six months of 2017 are as follows:
Beginning inventory for 2017 is 35,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $5.
Required
Prepare a purchases budget in units and dollars for each month, January through May.
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