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Bridgeport Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $416,300 for April and $493,100 for May. Cost of goods sold is expected to
Bridgeport Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $416,300 for April and $493,100 for May. Cost of goods sold is expected to be 64% of sales. The company's desired ending inventory is 24% of the following month's cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, eg. 1,255.) Bridgeport Wholesalers Purchases Budget $ $
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