What are the total purchases budgeted for october

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Reference no: EM133392333

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 August 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: EM133392333

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