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Create purchases budget for april through june

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Reference no: EM132511064

Gerdie Company has the following information:

Month Budgeted Sales

March $50,000

April 53,000

May 51,000

June 54,500

July 52,500

  • In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.

Required:

Question 1: Now purchases budget for April through June.

Reference no: EM132511064

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