Question
A company budgets unit sales of 700 in January, 780 in February, 840 in March, and 680 in April. The company wants to have
A company budgets unit sales of 700 in January, 780 in February, 840 in March, and 680 in April. The company wants to have 30% of next month's unit sales in inventory at the end of each month. Beginning inventory on January 1 is 210 units. The merchandise cost is $5 per unit. Prepare a merchandise purchases budget for the months of January, February, and March.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
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