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Lexi Company forecasts unit sales of 1,750,000 in April, 1,260,000 in May, 490,000 in June, and 1,530,000 in July. Beginning inventory on April 1 is
Lexi Company forecasts unit sales of 1,750,000 in April, 1,260,000 in May, 490,000 in June, and 1,530,000 in July. Beginning inventory on April 1 is 330,000 units, and the company wants to have 30% of next months sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.
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