Question 6

The Company has provided the following information:

Month Budgeted Sales

March $200,000

April 212,000

May 204,000

June 218,000

July 210,000

In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales. What is total purchases budget for April?

Instructions: Input your answer without using a dollar sign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)