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Carmen Company sells jar candles. The sales forecast (units) for the coming months is: April 240 May 240 June 240 July 180 August 250 Each

Carmen Company sells jar candles. The sales forecast (units) for the coming months is: April 240 May 240 June 240 July 180 August 250 Each candle costs $12. 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 $2,710. Prepare a purchases budget for the quarter ending June 30. Note: Deductible

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