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View Full Version : Prepare a Merchandise Budget for Nov and Dec.


BLANCAG
Apr 16, 2011, 10:52 PM
November December January Total
Budget sales 360,000 330,000 320,000
Add: Desired ending inventory 82,500
Total need 442,500
Less: Beginning merchandise inventory
Required purchases


COGS 75%
40% purchased in the month prior to the month of sale
60% purchased in the month of sale

Accts Rec beg bal 77000
Accts PAy beg 271000