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please complete all parts of the question for a like. Thank You. Lexi Company forecasts unit sales of 1,530,000 in April, 1.260,000 in May, 390,000
please complete all parts of the question for a like. Thank You.
Lexi Company forecasts unit sales of 1,530,000 in April, 1.260,000 in May, 390,000 in June, and 1,240,000 in July Beginning inventory on April 1 is 250,000 units, and the company wants to have 30% of next month's sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June Answer is not complete. LEXI COMPANY June 1,240,000 30% Merchandise Purchases Budget For April, May, and June April May Next month's budgeted sales 1,260,000 390,000 (units) Ratio of inventory to future 30% 30% sales Beginning inventory (units) Budgeted units sales for month Required units of available inventory Budgeted ending inventory (units) Units to be purchasedStep by Step Solution
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