of budgeted merchandise purchases for the month of June.

1.		Expected sales: June $480,000, July $576,000.
2.		Cost of goods sold is expected to be 75% of sales.
3.		Desired ending merchandise inventory is 30% of the following (next) months cost of goods sold.
4.		The beginning inventory at June 1 will be the desired amount.

(a)

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Your answer is partially correct.

Compute the budgeted merchandise purchases for June.

BRAMBLE STORES Merchandise Purchases Budget choose the accounting period For the Month Ending June 30, 2022June 30, 2022For the Quarter Ending June 30, 2022
select an opening merchandise purchases budget item Required Merchandise PurchasesDirect Materials per UnitBeginning Merchandise InventoryUnits to Be ProducedDirect Materials PurchasesDesired Ending Merchandise InventoryBudgeted Cost of Goods SoldTotal Materials Required		$enter a dollar amount
select between addition and deduction AddLess: select an item Total Materials RequiredDirect Materials PurchasesRequired Merchandise PurchasesBeginning Merchandise InventoryDirect Materials per UnitBudgeted Cost of Goods SoldDesired Ending Merchandise InventoryUnits to Be Produced		enter a dollar amount
select a summarizing line for the first part Direct Materials per UnitBudgeted Cost of Goods SoldDirect Materials PurchasesRequired Merchandise PurchasesTotalBeginning Merchandise InventoryUnits to Be ProducedDesired Ending Merchandise Inventory		enter a total amount for the first part
select between addition and deduction AddLess: select an item Direct Materials PurchasesBeginning Merchandise InventoryUnits to Be ProducedBudgeted Cost of Goods SoldDirect Materials per UnitRequired Merchandise PurchasesDesired Ending Merchandise InventoryTotal Materials Required		enter a dollar amount
select a closing merchandise purchases budget item Units to Be ProducedDirect Materials per UnitTotal Materials RequiredDirect Materials PurchasesDesired Ending Merchandise InventoryBudgeted Cost of Goods SoldRequired Merchandise PurchasesBeginning Merchandise Inventory		$enter a total amount for this budget