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A company budgets sales of 1 5 , 0 0 0 units for May and 1 5 , 6 0 0 units for June. The

A company budgets sales of 15,000 units for May and 15,600 units for June. The company maintains inventory of 30% of next month's sales (in units) at the end of each month. Beginning May 1 inventory totals 4,500 units. Each unit of merchandise costs $3. Prepare a merchandise purchases budget for May.
\table[[Merchandise Purchases Budget],[,,May],[Budgeted sales units,,15,000],[,-vdots,],[Next period budgeted sales units],[Ratio of inventory to future sales],[F
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