Riverbed Company estimates that 2017 sales will be $42,800 in quarter 1, $51,300 in quarter 2, and $58,300 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 18% of the next quarters expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017.

RIVERBED COMPANY Merchandise Purchases Budget choose the accounting period For the Six Months Ending June 30, 2017June 30, 2017For the Quarter Ending June 30, 2017
	Quarter
	1		2		Six Months
select a budget item Required Merchandise PurchasesBudgeted Cost of Goods SoldDirect Materials Per UnitDirect Materials PurchasesBeginning Merchandise InventoryDesired Ending Finished Goods InventoryBeginning Direct MaterialsTotalDesired Ending Merchandise Inventory	$enter a dollar amount		$enter a dollar amount
select between addition and deduction AddLess: select a budget item Budgeted Cost of Goods SoldDesired Ending Merchandise InventoryTotalRequired Merchandise PurchasesDirect Materials Per UnitBeginning Direct MaterialsDesired Ending Finished Goods InventoryDirect Materials PurchasesBeginning Merchandise Inventory	enter a dollar amount		enter a dollar amount
select a closing subsection name Direct Materials PurchasesBeginning Direct MaterialsBudgeted Cost of Goods SoldDesired Ending Finished Goods InventoryRequired Merchandise PurchasesDesired Ending Merchandise InventoryBeginning Merchandise InventoryDirect Materials Per UnitTotal	enter a subtotal of the two previous amounts		enter a subtotal of the two previous amounts
select between addition and deduction AddLess: select a budget item Beginning Direct MaterialsDesired Ending Merchandise InventoryDirect Materials Per UnitDesired Ending Finished Goods InventoryTotalDirect Materials PurchasesRequired Merchandise PurchasesBeginning Merchandise InventoryBudgeted Cost of Goods Sold	enter a dollar amount		enter a dollar amount
select a closing section name Desired Ending Merchandise InventoryDesired Ending Finished Goods InventoryTotalBeginning Merchandise InventoryBudgeted Cost of Goods SoldBeginning Direct MaterialsRequired Merchandise PurchasesDirect Materials Per UnitDirect Materials Purchases	$enter a total amount		$enter a total amount		$enter a total amount