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PIPs will try to have enough purses on hand at the end of each month...

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Question

Accounting

PIPs will try to have enough purses on hand at the end of each month to equal 10%
of the next
months budgeted sales (in purses ). The manufacturer allows him to pay for 50% of
his purchases in the following month; 10% must be paid at the time of the purchase.
The remaining 40% are paid for the second month following the purchase. At June 1,
2013, PIPs had 0 beginning inventory.
Please complete the following Purchases Budget for SEPTEMBER and QUARTER
(note, the quarter is July Sept). You may complete the other months if that helps
you complete SEPTEMBER and QUARTER; however, I will only be grading the
SEPTEMBER and QUARTER column. Please note, your final line (Cash payments for
purchases) may include cash paid for previous months purchases.
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