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Lexi Company forecasts unit sales of 1,850,000 in April, 1,240,000 in May, 810,000 in June, and 1,370,000 in July. Beginning inventory on April 1 is
Lexi Company forecasts unit sales of 1,850,000 in April, 1,240,000 in May, 810,000 in June, and 1,370,000 in July. Beginning inventory on April 1 is 240,000 units, and the company wants to have 20% 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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