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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
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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