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Brooklyn Furniture, a retail store, has an average gross profit ratio of 47% The sales forecast for the next four months follows. $265,000 208,000 322,000
Brooklyn Furniture, a retail store, has an average gross profit ratio of 47% The sales forecast for the next four months follows. $265,000 208,000 322,000 409,000 July August September October Management's inventory policy is to have ending inventory equal to 35 % of the cost of sales for the subsequent month be $407,000 though it is estimate that the invento y t une w Required Calculate the purchases budget, in dollars, for the months of July and August Purchases July August
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