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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $439,000 for April and $516,600 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $439,000 for April and $516,600 for May. Cost of goods sold is expected to be 63% of sales. The companys desired ending inventory is 22% of the following months cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.)
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