ACCT 203 Ch 20 Homework Fall 2009

ACCT 203 Ch 20 Homework Fall 2009 - Click to edit Master...

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Unformatted text preview: Click to edit Master subtitle style 2/2/11 Ch 20 Homework Acct 203 Lab 2/2/11 Ex 20 -1 Troy Company Merchandise Purchases Budget For July, August, and September July August September Next months budgeted sales ............. 320,000 280,000 190,000 (10) Ratio of inventory to next month sales x 20% (9) x 20% (9) x 20% (9) Budgeted ending inventory ................. 64,000 (6) 56,000 (3) 38,000 Add budgeted sales for month............ 170,000 320,000 280,000 Required units available inventory ..... 234,000 (7) 376,000 (4) 318,000 (1) Less beginning inventory .................... 34,000 (8) 64,000 (5) 56,000 (2) Budgeted merchandise purchases ..... 200,000 312,000 262,000 2/2/11 Notes: (1) September required units Ending inventory 38,000 Add budgeted sales 280,000 Total required in September 318,000 (2) September Beginning Inventory Total required (1 above) 318,000 Less budgeted purchases (262,000 ) September beginning inventory 56,000 (3) September Beginning Inventory = August Ending Inventory...
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This note was uploaded on 02/01/2011 for the course ACCT 203 taught by Professor Hylton during the Fall '08 term at George Mason.

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ACCT 203 Ch 20 Homework Fall 2009 - Click to edit Master...

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