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How many units will hastings budget to purchase in july

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Hastings Co. sells widgets. The company is currently developing a purchases budget for July. Projected sales volumes are 159 for June, 160 for July, and 187 for August. Hastings wants to maintain inventories of 29% of the following month's sales volume (rounded up to a whole number). Hastings needs to spend $21 to buy each widget. Hastings buys on credit and pays half the bill for widgets in the same month and half in the following month.

Question 1: How many units will Hastings budget to purchase in July?

Question 2: How much purchases will be budgeted for in $ for July.

Question 3: How much cash outflow for purchases will Hastings budget for July? (Round to nearest dollar if not a whole number.)

Reference no: EM132529985

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