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Martinez Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $412,100 for April and $505,700 for May. Cost of goods sold is expected to
Martinez Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $412,100 for April and $505,700 for May. Cost of goods sold is expected to be 62% of sales. The company's desired ending inventory is 21% of the following month's cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to O decimal places, e.g. 1,255.)
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