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Carmen Company sells jar candles. The sales forecast ( units ) for the coming months is: table [ [ April , 1 6 0

Carmen Company sells jar candles. The sales forecast (units) for the coming months is:
\table[[April,160],[May,190],[June,210],[July,150],[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 $2,990.
Required:
a. Prepare a purchases budget for the quarter ending June 30.
Note: Deductible values must be indicated with a minus sign.
\table[[\table[[Merchandise Purchases Budget (Candles)],[For the Quarter Ending June 30]],],[Budgeted unit sales,,,,],[Plus: Ending inventory,,,,],[Less: Beginning inventory,,,,],[Budgeted purchases (units),,,,],[Cost of merchandise (per unit),,,,],[Total cost of merchandise purchases,,,,]]
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