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part A and B too In May 2020 , the budget...

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Accounting

part A and B too
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In May 2020 , the budget committee of Grand Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June? 1. Expected sales: June $517,000, July $614,200. 2 Cost of roods sold is expected to be 75% of sales: 3. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June

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