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Lexi Company forecasts unit sales of 1,030,000 in April, 1,210,000 in May, 240,000 in June, and 1,080,000 in July. Beginning inventory on Aprillis 240,000 units,

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Lexi Company forecasts unit sales of 1,030,000 in April, 1,210,000 in May, 240,000 in June, and 1,080,000 in July. Beginning inventory on Aprillis 240,000 units, and the company wants to have 40% of next month's soles In Inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June LEXI COMPANY Marchandise Purchases Budget For April May, and June April Next month's budgeted sales junts) 1,210,000 Ratio of inventory to futuro salos 40% Budgeted ending inventory (units) 330.000 Budgeted units sales for month 1,546,000 Required units of available inventory 1,882.000 Beginning inventory units) Units to be purchased MAY 240.000 40% 96000 June 1,000,000 40% 432,000 el

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