PIP$$s will try to have enough purses on hand at the end of each month to equal $10\%$

of the next

month$$s budgeted sales $($in purses $).$ The manufacturer allows him to pay for $50\%$ of

his purchases in the following month; $10\%$ must be paid at the time of the purchase.

The remaining $40\%$ are paid for the second month following the purchase. At June $1,$

$2013,$ PIP$$s had $0$ beginning inventory.

Please complete the following Purchases Budget for SEPTEMBER and QUARTER

$($note$,$ the quarter is July $$ Sept$).$ You may complete the other months if that helps

you complete SEPTEMBER and QUARTER; however, I will only be grading the

SEPTEMBER and QUARTER column. Please note, your final line $($Cash payments for

purchases$)$ may include cash paid for previous months$$ purchases.