karlal
Dec 1, 2009, 08:29 AM
At March 31 St. Enterprises, a merchandise firm, had an inventory of 38000 units and it had accounts receivable totaling $85000. Sales in units have been budgeted as follows for the next four months:
April (60,000)
May (75,000)
June (90,000)
July (81,000)
The company board of directors has established a policy to commerce in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales.
Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June
Please someone help!
I got 30,000 for April, 36,0000 for May, and 32400 for June.
Could anyone please help me solve this??
April (60,000)
May (75,000)
June (90,000)
July (81,000)
The company board of directors has established a policy to commerce in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales.
Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June
Please someone help!
I got 30,000 for April, 36,0000 for May, and 32400 for June.
Could anyone please help me solve this??