Prepare budget schedules for june and july

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A company 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 $350000;

August $420000.

cost of goods sold is 60% of sales purchase in April were $250000;

May $180000.

Payments for each month's purchases are made as follows: 10% during that month; 80% the next month and the final 10%the next month.

Question 1: Prepare budget schedules for June, July and August for purchases and for disbursement for purchases

Reference no: EM132612889

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