Young Incorporated sells denim jeans. The sales forecast (units) for the coming months is: April 250 May 190 June 190 July 250 August 210 Each pair of jeans has a cost of $17. The ending inventory policy is 30% of next month's sales needs. April 1 inventory will be as expected under the policy. Young pays for purchases 80% in the month of purchase and 20% the following month. Accounts payable on April 1 is $440.

Budgeted purchases (units) for April

Each pair of jeans has a cost of $17. The ending inventory policy is 30% of next month's sales needs. April 1 inventory will be as expected under the policy. Young pays for purchases 80% in the month of purchase and 20% the following month. Accounts payable on April 1 is $440.

Budgeted merchandise purchases (in $)

Cash paid in April for the merchandise purchases