$275,000; June, $220,000; July, $200,000; and August, $240,000.
Sales are expected to be June, $440,000; July, $350,000; and August, $300,000. Cost of goods
sold is 60% of sales.
Purchases in April were $250,000 and in May they were $180,000. Payments for each month’s
purchases are made as follows: 10% during that month, 80% the next month, and the final 10% the
Prepare budget schedules for June, July, and August for purchases and for disbursements for
How do you come up with the figure for the desired ending inventory?
Dear Student Please find... View the full answer