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2. Muddy Waters Industries has projected sales of its product for the next 6 months: January February March April 300 units 700 units 1,000 units
2. Muddy Waters Industries has projected sales of its product for the next 6 months: January February March April 300 units 700 units 1,000 units 1,000 units 400 units May June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April
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