Zeller Company estimates that 2020 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 2020.

ZELLER COMPANY Merchandise Purchases Budget choose the accounting period For the Six Months Ending June 30, 2020June 30, 2020For the Quarter Ending June 30, 2020
	Quarter
	1		2		Six Months
select an opening merchandise purchases budget item Total Required UnitsBeginning Direct MaterialsDesired Ending Finished Goods InventoryDirect Materials PurchasesDesired Ending Merchandise InventoryBeginning Merchandise InventoryDirect Materials Per UnitRequired Merchandise PurchasesBudgeted Cost of Goods Sold	$enter a dollar amount		$enter a dollar amount
select between addition and deduction AddLess: select an item Required Merchandise PurchasesBudgeted Cost of Goods SoldTotal Required UnitsDesired Ending Finished Goods InventoryBeginning Direct MaterialsDirect Materials Per UnitDirect Materials PurchasesDesired Ending Merchandise InventoryBeginning Merchandise Inventory	enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Total Required UnitsBeginning Merchandise InventoryBeginning Direct MaterialsBudgeted Cost of Goods SoldDesired Ending Merchandise InventoryRequired Merchandise PurchasesDirect Materials PurchasesDesired Ending Finished Goods InventoryDirect Materials Per Unit	enter a total amount for the first part		enter a total amount for the first part
select between addition and deduction AddLess: select an item Beginning Merchandise InventoryTotal Required UnitsDirect Materials Per UnitBudgeted Cost of Goods SoldDesired Ending Finished Goods InventoryBeginning Direct MaterialsDirect Materials PurchasesDesired Ending Merchandise InventoryRequired Merchandise Purchases	enter a dollar amount		enter a dollar amount
select a closing merchandise purchases budget item Direct Materials Per UnitBudgeted Cost of Goods SoldRequired Merchandise PurchasesDesired Ending Finished Goods InventoryDirect Materials PurchasesDesired Ending Merchandise InventoryBeginning Direct MaterialsBeginning Merchandise InventoryTotal Required Units	$enter a total amount for this budget		$enter a total amount for this budget		$enter a total amount for this budget