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sweet6irl
Oct 14, 2008, 09:40 PM
Hello there i was wondering if you can help me prepare this purchases budget.
June=60,000 July=51,000 August=40,000 September=70,000 October=72,000

The cost of good sold rate is 70% and the desire inventory level is 30% of next month's cost of sales.

I need to prepare the purchases budget for July through September.

I know that the COGS for July=35,700 August=28,000 & September=49,000 but i dont know what to do from here. Can you please help me. Thank you.