SP20 - Student Name Instructor Class McGraw-Hill/Irwin...

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Student Name: Instructor Class: McGraw-Hill/Irwin Problem 20-01A KEGGLER'S SUPPLY Merchandise Purchases Budgets (in units) For March, April and May Footwear March April May Budgeted sales for next month 25,000 32,000 35,000 Ratio of ending inventory to future sales 30% 30% 30% Budgeted ending inventory 7,500 9,600 10,500 Add budgeted sales 15,000 25,000 32,000 Required units of available merchandise 22,500 34,600 42,500 Less actual (or budgeted) beginning inventory (20,000) (7,500) (9,600) Budgeted purchases 2,500 27,100 32,900 Correct! Correct! Correct! Sports equipment March April May Budgeted sales for next month 90,000 95,000 90,000 Ratio of ending inventory to future sales 30% 30% 30% Budgeted ending inventory 27,000 28,500 27,000 Add budgeted sales 70,000 90,000 95,000 Required units of available merchandise 97,000 118,500 122,000 Less actual (or budgeted) beginning inventory (80,000) (27,000) (28,500) Budgeted purchases 17,000 91,500 93,500 Correct! Correct! Correct! Apparel March April May Budgeted sales for next month 38,000 37,000 25,000 Ratio of ending inventory to future sales 30% 30% 30% Budgeted ending inventory 11,400 11,100 7,500 Add budgeted sales 40,000 38,000 37,000 Required units of available merchandise 51,400 49,100 44,500
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