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Brooklyn Furniture, a retail store, has an average gross profit ratio of 44%. The sales forecast for the next four months follows: S 269,000 221,000
Brooklyn Furniture, a retail store, has an average gross profit ratio of 44%. The sales forecast for the next four months follows: S 269,000 221,000 310,000 416,000 August September October Management's inventory policy is to have ending inventory equal to 390% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $414,000. Required: Calculate the purchases budget, in dollars, for the months of July and August July August
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