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Lexi Company forecasts unit sales of 1,370,000 in April, 1.240,000 in May, 840,000 in June, and 1,350,000 in July, Beginning inventory on April 1 is
Lexi Company forecasts unit sales of 1,370,000 in April, 1.240,000 in May, 840,000 in June, and 1,350,000 in July, Beginning inventory on April 1 is 250,000 units, and the company wants to have 30% of next month's sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June. Answer is not complete. LEXI COMPANY Merchandise Purchases Budget For April, May, and Juno April May Next month's budgeted salos (units) 1,240,000 B40,000 Ratio of inventory to future sales 30% 30% Budgeted ending inventory (units) 372,000 252,000 Budgeted units sales for month 1,612,000 Required units of available inventory 1,084,000 Beginning inventory (units) 1,612 000 Units to be purchased June 1,350,000 30% 405,000
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