1. Purchase budget for July, August, September, and Quarter

2. CGS budget for July, August, September, and Quarter

SERVICE ORGANISATIONS55 Required Prepare a purchases budget for the three months ending 31 December. 3.4 Expected sales for Fisher Wholesalers are: Units July August September October 14 700 15 120 15 680 16 240 Each month's closing inventory is to be 150% of the following month's cost of sales. Average selling price is $30 per unit. Average cost of purchases is $20 per unit. Required Prepare for the three months July, August and September: (a) a sales budget (b) a purchases budget