prepare operational budget

5. Prepare a purchases budget for Graham Murray for the periods January-June, July- December and for the calendar year. Use the following data: Budgeted sales income (in $000s) is: Jan. to June 2,200 July to Dec. 3,600 Jan. to June (following year) 2,800 Selling price per unit is 200% of cost price. The value of opening inventory for each period should be 25% of the budgeted cost of sales for that period. Purchases Budgets for This Year (First Half, Second Half and Total) Current Year Next Year Current Year Jan-June July-Dec Jan-June TOTAL Expected Sales COGS Closing Inventory Goods available Opening Inventory Purchases