Question
March Inventory = 38,000 units of product The following are budgeted sales of product in units: Month April May June July Budgeted Sales (# of
March Inventory = 38,000 units of product
The following are budgeted sales of product in units:
Month
April
May
June
July
Budgeted Sales
(# of units)
60,000 units
75,000 units
90,000 units
81,000 units
Beginning in April, the company's policies include the following:
Inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales.
Complete the merchandise purchases budget (in units not $) below:
April
May
June
July
Budgeted unit sales
?
?
?
?
Desired ending inventory
?
?
?
Total needs
?
?
?
Less beginning inventory
?
?
?
Required purchases
?
?
?
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
1119502551, 1-119-50255-5, 978-1119502555
