Memphis Company's May sales budget calls for sales of $970,000. The store expects to begin May with $57,000 of inventory and to end the month with $62,000 of Inventory, Gross margin is typically 40% of sales. Compute the budgeted cost of merchandise purchases for May. Multiple Choice $577,000 $393.000 $582.000. $385.000 $587000 A department store has budgeted sales of 13.700 men's coats in September. Management wants to have 7700 coats in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 5,700 coats. What is the dollar amount of the purchase of sults of each coat has a cost of $68. Multiple Choice $1,319,200 $795,600 $931,600 $1455,200. $1.067500 Flagstaff Company has budgeted production units of 9,300 for July and 9,500 for August. The direct labor requirement per unit is 0.50 hours. Laboris paid at the rate of $20 per hour. The total cost of direct labor budgeted for the month of August is: Multiple Choice $4,750 $4,650 $95,000 $93.000 $188.000 Western Company is preparing a cash budget for June. The company has $11.700 in cash at the beginning of June and anticipates $30,300 in cash receipts and $35,100 in cash payments during June Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000, As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must: Multiple Choice Repay $6,900. O Borrow $4,800. Borrow $3,100. Repay $3,100. Borrow $10.000