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Carmen Company sells jar candles. The sales forecast ( units ) for the coming months is: table [ [ April , 2 2 0
Carmen Company sells jar candles. The sales forecast units for the coming months is: tableAprilMayJuneJulyAugust Each candle costs $ The ending inventory policy is of next month's sales needs. April inventory will be as expected under the policy. Carmen pays for purchases in the month of purchase and the following month. Accounts payable on April is $ Required: a Prepare a purchases budget for the quarter ending June Note: Deductible values must be indicated with a minus sign. tabletableMerchandiso Purchases Budget CandlesFor the Quarter Ending June Budgeted unit sales,April,May,,Plus: Ending inventory,,,,Less: Beginning inventory,,,,Budgeted purchases unitsCost of merchandise per unitTotal cost of merchandise purchases,,,, b Prepare a cash payments budget for the quarter ending June tabletableBudgotod Cash Payments CandlesFor the Quarter Ending June Budgeted merchandise purchases,April,May,June,TotalCash paid month of purchase Cash paid in month following Cash paid for merchandise purchases,,,,
Carmen Company sells jar candles. The sales forecast units for the coming months is:
tableAprilMayJuneJulyAugust
Each candle costs $ The ending inventory policy is of next month's sales needs. April inventory will be as expected under the policy. Carmen pays for purchases in the month of purchase and the following month. Accounts payable on April is $
Required:
a Prepare a purchases budget for the quarter ending June Note: Deductible values must be indicated with a minus sign.
tabletableMerchandiso Purchases Budget CandlesFor the Quarter Ending June Budgeted unit sales,April,May,,Plus: Ending inventory,,,,Less: Beginning inventory,,,,Budgeted purchases unitsCost of merchandise per unitTotal cost of merchandise purchases,,,,
b Prepare a cash payments budget for the quarter ending June
tabletableBudgotod Cash Payments CandlesFor the Quarter Ending June Budgeted merchandise purchases,April,May,June,TotalCash paid month of purchase Cash paid in month following Cash paid for merchandise purchases,,,,
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