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Chapter 20 Homework Help Save & Exit Submit 12 Walker Company prepares monthly...

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Accounting

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Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 15% of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning inventory on July 1 is 28,500 units. The company budgets sales of 220,000 units in October. The merchandise cost per unit is $3.
0.9
\table[[,July,August,September],[Budgeted sales units,190,000,320,000,300,000],[Units to purchase,209,500,317,000,288,000]]
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Prepare the merchandise purchases budgets for the months of July, August, and September.
\table[[WALKER COMPANY],[Merchandise Purchases Budget],[,July,August,September],[Budgeted ending inventory (units),190,000,320,000,300,000],[Add: Desired ending inventory],[Next period budgeted sales units],[Ratio of inventory to future sales],[Desired ending inventory units,0,0,0],[Total required units],[Less: Beginning inventory units],[Units to purchase],[Cost per unit],[Cost of merchandise purchases,,,]]
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