Merchandise Purchases Budget!
I need to prepare a merchandise purchases budget (in units) for each of the months of March, April and May. The given data is the following:
*UNITS INVENTORY FOR FEBRUARY 2008:
Footwear: 20,000
Sports Equipment: 80,000
Apparel: 50,000
*DESIRED ENDING INVENTORY AS PERCENTAGE OF EXPECTED SALES
FOR FOLLOWING MONTH: 30%
*BUDGETED SALES IN UNITS:
Footwear: March 15,000 April 25,000 May 32000 June 35000
Sports Equ March 70,000 April 90,000 May 95,000 June 90,000
Apparel: March 40,000 April 38,000 May 37,000 June 25,000
*MARCH BUDGETED PURCHASES:
Footwear: 2,500
Sports Equip.: 17,000
Apparel: 1,400
PLEASE HHHHHEEEEEEEEEEEEEEEEEEEEEEELP!! :confused: :confused: :confused: :confused: