Ask Experts Questions for FREE Help !
Ask
    xxmeli1313xx's Avatar
    xxmeli1313xx Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 10, 2011, 11:49 AM
    I need help with the format of a purchases budget.
    I've already come up with the sales, COGS, and the desired inventory dollar amounts. I just need to know what the actual format looks like because I don't want to lose points for not using the right format.
    hartlema's Avatar
    hartlema Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jun 7, 2012, 05:18 PM
    Pascall Corp. expects to sell 1,300 units of its camera bags in March and 900 units in April. Each unit sells for $110. Pascall’s ending inventory policy is 40 percent of the following month’s sales. Pascall pays its supplier $50 per unit.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #3

    Jun 7, 2012, 06:05 PM
    A simple P&L statement including opening and closing inventory in the cost of sales calculation with the data for each month arranged in columns to allow comparison should surfice
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

I need help preparing a Purchases Budget! [ 1 Answers ]

The problem is, "Pascall Corp. Expects to sell 1,300 units of its camera bags in March and 900 units in April. Each unit sells for $110. Pascall's ending inventory policy is 40 percent of the following month's sales. Pascall pays its supplier $50 per unit. Prepare Pascall's purchases budget...

Purchases Budget needed [ 3 Answers ]

Can anyone tell me what is purchases budget? I'm doing an assignment on this ques. But I can't search the answer anywhere in the website. I need the importance of purchases budget and factors. Can anyone help? Thanks

Purchases budget [ 1 Answers ]

Hello I am having problems answering this question on purchaseing budgets. THE ANSWER I GOT WAS but I don't think this is right. I may have the wrong set up. Can some one plese help me Beginning April may June Beginning inventory 9540 9180 9810...

View more questions Search