11, 12, 13

QS 20-26A Merchandising: Cash payments for merchandise LO P4 Garda purchased $640,000 of merchandise in August and expects to purchase $770,000 in September. Merchandise purchases are paid as follows: 20% in the month of purchase and 80% in the following month. Compute cash payments for merchandise for September GARDA Cash Payments for Merchandise (Budgeted) For Month Ended September 30 Cash payments for September purchases Cash payments for August purchases Total budgeted cash payments QS 20-28A Merchandising: Computing purchases LO P4 Raider-X Company forecasts sales of 16,000 units for April. Beginning inventory is 2,200 units. The desired ending inventory is 30% higher than the beginning inventory. How many units should Raider-X purchase in April? RAIDER-X COMPANY Purchases Budget (in units) For Month Ended April 30 Required units of available inventory Units to be purchased QS 20-30A Merchandising: Purchases budget LO P4 Montel Company's July sales budget calls for sales of $650,000. The store expects to begin July with $51,000 of inventory and to end the month with $39,000 of inventory. Gross margin is typically 20% of sales, Determine the budgeted cost of merchandise purchases for July. MONTEL COMPANY Computation of Budgeted Cost of Purchases For Month Ended July 31 Required available merchandise Budgeted cost of purchases