Question
Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit
Perry Company has provided the following information:
Month Budgeted Sales
March $200,000
April 212,000
May 204,000
June 218,000
July 210,000
In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.
The purchase budget for june is : Select one: a. $380,040 b. $494,160 c. $129,360 d. $163,920 e. $124,920 f. $129,360 g. $125,760
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
