What are the total purchases budgeted for october

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Reference no: EM133382625

Question: ABC Inc. prepared the following sales budget:

Month	Budgeted Sales
Sept	$6,000
October	$13,000
Nov	$12,000
Dec	$14,000

The expected gross profit rate is 40% and the inventory at the end of January was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What are the total purchases budgeted for October?

Reference no: EM133382625

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