Prepare budget schedule for june and august

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Problem 1: KPLC plans inventory levels (at cost )at the end of each month as follows:May,$275000; June $220000; July,$270000 and August 240000.sales are expected to be June, $ 440000: July, $350,000; August $420000. Cost of goods sold is 60% of sales. Purchase in April were $250,000; May $180000.payments for each month's purchase are made as follows: 10% during that month; 80% the next month and the final 10% the next month. Prepare budget schedule for june ,July and August for purchase and for disbursement for purchase

Reference no: EM132621439

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