Question
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $403,900 for April and $519,500 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $403,900 for April and $519,500 for May. Cost of goods sold is expected to be 62% of sales. The companys desired ending inventory is 24% 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.)
Moore Wholesalers Purchases Budget For the Year Ended For the Month of April For the Quarter Ended Budgeted Cost of Goods Sold Desired Ending Direct Materials Direct Materials Purchass Beginning Inventory Required Merchandise Purchases Desired Ending Inventory Direct Materials per Unit Units to Be Produced Total Inventory Required $ Add Less : Budgeted Cost of Goods Sold Required Merchandise Purchases Direct Materials per Unit Units to Be Produced Total Inventory Required Beginning Inventory Desired Ending Direct Materials Direct Materials Purchass Desired Ending Inventory Direct Materials per Unit Desired Ending Inventory Required Merchandise Purchases Direct Materials Purchass Units to Be Produced Total Inventory Required Beginning Inventory Budgeted Cost of Goods Sold Desired Ending Direct Materials Add Less : Total Inventory Required Direct Materials per Unit Budgeted Cost of Goods Sold Direct Materials Purchass Required Merchandise Purchases Units to Be Produced Beginning Inventory Desired Ending Direct Materials Desired Ending Inventory Units to Be Produced Desired Ending Inventory Direct Materials per Unit Total Inventory Required Budgeted Cost of Goods Sold Beginning Inventory Direct Materials Purchass Desired Ending Direct Materials Required Merchandise Purchases $
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