Brief Exercise 21-10

Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $445,600 for April and $492,800 for May. Cost of goods sold is expected to be 65% of sales. The companys desired ending inventory is 24% of the following months cost of goods sold.

Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.)

Moore Wholesalers

Purchases Budget

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Brief Exercise 21-10 Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $445,600 for April and $492,800 for May. Cost of goods sold is expected to be 65% 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 o decimal places, e.g. 1,255.) Moore Wholesalers Purchases Budget Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 5 used