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Prepare a purchases budget for april through june

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Reference no: EM13339231

Tamworth 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:

Prepare a purchases budget for April through June (one column for each month), giving 'total figures' for the quarter in the forth column.

Reference no: EM13339231

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