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24 Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross
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Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales. The purchase budget for june is : Select one: a. $163,920 b. $129,360 c. $124,920 d. $125,760 e. $494,160 O f. $129,360 g. $380,040Step by Step Solution
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