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Prepare merchandise purchase budget for the month

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Reference no: EM13521112

Question :The budget plans for a Sept ending inventory of 31,500 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.

Sales (unit) Purchase Units

July 170,000 188,000

Aug 290,000 287,000

Sept 270,000 261,000

Prepare merchandise purchase budget for the month of JulY,Aug and Sept

Budgeted ending inventory units

required units of available inventory

units to be purchased

In sept we have a budgeted ending inventory units of 31,500

Reference no: EM13521112

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