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Determine the projected merchandise purchases

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Reference no: EM133076561

Question - The sales manager of MANI Merchandising has budgeted the following sales for the 4th quarter of 2016:

October 123,500

November 156,000

December 208,000

Other budget estimates are:

All merchandises are to sellat its invoice cost plus 30% mark-up

Beginning inventories of each month are budgetedat 40% of that particular month's projected cost of goods sold.

Required - Determine the following items

1. Projected merchandise purchases for the month of October.

2. Projected merchandise purchases for the month of November.

Reference no: EM133076561

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