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7.36 Purchases and overhead, Hercules (LO2). Tom and Lynda own Hercules Health Club. They provide you with the following information regarding budgeted membership and beginning

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7.36 Purchases and overhead, Hercules (LO2). Tom and Lynda own Hercules Health Club. They provide you with the following information regarding budgeted membership and beginning inventories of supplies. Individual Family Beginning Memberships Memberships Inventory of Month (number) (number) Supplies August 700 300 $5,000 September 690 300 $5,000 October 680 295 $4,500 November 675 290 $4,500 Tom and Lynda also inform you that each individual member uses $10 worth of supplies per month and that each family membership uses $22 worth of supplies per month. Required: What is the budgeted amount of supplies to be purchased in September and October

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