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In May 2 0 2 2 , the budget committee of Blue Spruce, Inc. assembles the following data in preparation of budgeted merchandise purchases for
In May the budget committee of Blue Spruce, Inc. assembles the following data in preparation of budgeted merchandise
purchases for the month of June.
Expected sales: June $ July $
Cost of goods sold is expected to be of sales.
Desired ending merchandise inventory is of the following month's cost of goods sold.
The beginning inventory at June will be the desired amount.
a
Compute the budgeted merchandise purchases for June.
BLUE SPRUCE, INC.
Merchandise Purchases Budget
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