Required:

Prepare sales budget for first quarter of the year 2022?

Prepare purchase budget, in units, for the first quarter 2022?

QUESTION 3 (15) XYZ an online company that sells one model Laptop, LPX 550. last year's sales 2021 for the first five months are as follows: Months January Feb March April May LPX 550 200 240 180 160 240 Selling price for LPX 550 was 2000 and the company will maintain the same price for next year. The company wants to maintain an inventory of LPX 550 equal to 25% of the following month's sales. At the beginning of the year, 40 LPX 550 are on hand. Required: Prepare sales budget for first quarter of the year 2022? Prepare purchase budget, in units, for the first quarter 2022? (5 marks) (10 marks)