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Moore wholesalers is preparing its merchandise purchases budget. Budgeted sales are $435,200 for April and $493,400 for May. Cost of goods sold is expected to
Moore wholesalers is preparing its merchandise purchases budget. Budgeted sales are $435,200 for April and $493,400 for May. Cost of goods sold is expected to be 64% of sales. The company's desired ending inventory is 22% of the following month's cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.) Moore Wholesalers Purchases Budget
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