Current Attempt in Progress Maria Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $488,000 for April and $585,600 for May. Cost of goods sold is expected to be 60% of sales. The company's desired ending inventory is 25% of the following month's cost of goods sold. Compute the required purchases for April. eTextbook and Media Maria Wholesalers Purchases Budget LA LA $

Maria Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $488,000 for April and $585,600 for May. Cost of goods sold is expected to be 60% of sales. The company's desired ending inventory is 25% of the following month's cost of goods sold