Crane Company estimates that $2022$ sales will be $$32,000$ in quarter $1,$$$38,400$ in quarter $2,$ and $$46,400$ in quarter $3.$ Cost of goods sold is $50\%$ of sales. Management desires to have ending merchandise inventory equal to $10\%$ of the next quarter's expected cost of goods sold.

Prepare a merchandise purchases budget by quarter for the first $6$ months of $2022.$

CRANE COMPANY

Merchandise Purchases Budget

For the Six Months Ending June $30,2022$

Quarter

$q,2$

$

$q,$

$q,$

$q,-$

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