Question
Retail Company has the following budgeted quarterly sales for the next year. 1st QTR - 3,000 units; 2nd QTR - 4,000 units; 3rd QTR -
Retail Company has the following budgeted quarterly sales for the next year. 1st QTR - 3,000 units; 2nd QTR - 4,000 units; 3rd QTR - 3,600 units; 4th QTR - 5,600 units.
Each unit sells for $10.
Beginning finished goods inventory for the 1st quarter was 500 units. The company wants to end each quarter with 25% of the sales for the next quarter.
Calculate budgeted purchases (in units) for the second quarter.
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Tax Audit Techniques In Cash Based Economies A Practical Guide
Authors: Sheikh Sajjad Hassan
2nd Edition
0955354048, 978-0955354045
