Carmen Company sells jar candles. The sales forecast $($units$)$ for the coming months is:a$.$ Prepare a purchases budget for the quarter ending June $30.$

Note: Deductible values must be indicated with a minus sign.

b$.$ Prepare a cash payments budget for the quarter ending June $30.$

April $140$

May $170$

June $230$

July $170$

August $200$

Each candle costs $$13.$ The ending inventory policy is $40\%$ of next month's sales needs. April $1$ inventory will be as expected under the policy. Carmen pays for purchases $30\%$ in the month of purchase and $70\%$ the following month. Accounts payable on April $1$ is $$3,060.$

Required:

A$.$Prepare a purchases budget for the quarter ending June $30.$

Note: Deductible values must be indicated with a minus sign. B$.$ Prepare a cash payments budget for the quarter ending June $30.$