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-   -   Prepare a Merchandise Budget for Nov and Dec. (https://www.askmehelpdesk.com/showthread.php?t=570881)

  • Apr 16, 2011, 10:52 PM
    BLANCAG
    Prepare a Merchandise Budget for Nov and Dec.
    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

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