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QS 2 0 - 2 9 A ( Algo ) Merchandising: Merchandise purchases budget LO P 4 Lexi Company budgets unit sales of 1 ,

QS 20-29A (Algo) Merchandising: Merchandise purchases budget LO P4
Lexi Company budgets unit sales of 1,170,000 in April, 1,240,000 in May, 310,000 in June, and 1,450,000 in July. Beginning inventory on April 1 is 468,000 units, and the company wants to have 40% of next months unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June.

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