Part 1

Hewitt Company expects cash sales for July of $12,000 , and a 15 % monthly increase during August and September. Credit sales of $15,000 in July should be followed by 33 % increases during August and September. What are budgeted cash sales and budgeted credit sales for September respectively? (Round final answers to the nearest dollar.)

A.

$ 15,960 and $17,250

B.

$ 13,800 and $19,950

C.

$ 15,870 and $26,534

D.

$10,435 and $11,278

Part 2

Rubino Corporation desires a December 31 ending inventory of 1,000 units. Budgeted sales for December are 3,450 units. The November 30 inventory was 550 units. What are budgeted purchases in units?

A.

4,450

B.

5,000

C.

3,900

D.

3,000

Part 3

Expected purchases for June and July are $76,000 and $90,000, respectively. Purchases for May were $56,000. All purchases are paid 40% in the month of purchase and 60% the following month. At what amount are June payments for purchases budgeted?

A.

$68,000

B.

$64,000

C.

$88,800

D.

$100,000

Part 4

A lamp store purchased $3,400 of lamps in September. The store had $1,200 of lamps on hand at the beginning of September, and expected to have $1,000 of lamps at the end of September to cover part of anticipated October sales. What is the budgeted cost of goods sold for September?

A.

$ 5,600

B.

$ 3,600

C.

$ 4,600

D.

$ 3,200