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8. (3 pts) The other side of the cash flow equation is disbursements the company must make in order to make the forecast sales. That is, merchandise and raw materials must be purchased to have products to sell. Using the same forecast sales determine the forecast purchase amounts for the indicated months (fill in the blanks). Cost of Goods Sold is estimated at 70% of forecast sales. Desired Inventory is 25K plus 60% of the next month's Cost of Goods Sold Fill in all the underlined spaces Jan Feb Mar Apr May Forecast Sales 70K 85K 80K 95K 85K COGS Desired Ending Inventory Total Merchandise Needed Beginning Inventory 58.6K Purchases
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