Corporation XYZ manufactures and sells office supplies. The financial analyst prepared a budget of purchases for February through June. This will be used in preparation of the income statement, cash flow statement, and balance sheet.

Based on the information in the exhibit, calculate the amounts requested below for April. Enter the appropriate amounts in the associated cells. Enter all amounts as positive values. Round amounts to the nearest hundredth.

Entry	Amount
1. Purchase budget (dollars)
2. Cash payments to vendors
3. Accounts payable
4. Cost of goods sold

To: Noah Hatton, CEO

From: Robin Johnson, Purchasing department manager

Subject: Purchase budget

Date: July 27, Year 6

Dear Noah,

I prepared a purchases and cash payments budget for February through June. The information is presented below.

Data	February	March	April	May	June
Unit sales	100	160	200	260	300
Inventory balance	15% of next months budgeted sales
Selling price	$28
Unit cost	$18
Payments on payables	40% in the month of purchase
	60% in the month following the purchase

Best,

Robin