Prepare the merchandise purchases budget for the months of July, August , and September

2. Compute the ratio of ending inventory in the next months sales

3. How many units are budgeted in October

Walker Company prepares monthly budgets. The ourrent budget plans for a September ending inventory of 33,000 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the three most recent months follow July August September Sales (Units) 210,000 320,000 290,000 Purchases (Units) 226,500 315,500 279,500 (1) Prepare the merchandise purchases budget for the months of July, August, and September. WALKER COMPANY Merchandise Purchases Budget For July, August, and September July August September Budgeted ending inventory units 33,000 Required units of available inventory Units to be purchased 226,500 315,500 279,500 2) Compute the ratio of ending inventory to the next month's sales July August September Budgeted ending inventory units Next month's budgeted sales Ratio of inventory to next month's sales 33,000 (3 How many units are budgeted for sale in October? (3) How many units are budgeted for sale in October? Units budgeted for sale in October