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Pretty in Pinkalso sells purses for $110 Bodgeting On Your Owm =1 manufacturer for $30 each pin $110 each. PIP's buve the nun... Knom the. expects sects 50% of each month's sales to be cash and 50% to be credit. PIP's expects to collect 25% of the credit sales in the same month the sales were made, and expects to collect the remaining 75% of each month's credit sales in the following month. June is the company's first month of operations, and PIP has no beginning inventory. Based on the above information, prepare the JULY, AUGUST, SEPTEMBER and QUARTER Sales Budget. You may want to complete June to make sure your numbers are correct. PIP's will try to have enough purses on hand at the end of each month to equal tons of the next month's budgeted sales (in purses). The mamufacturer allows him to pary for 50% of his purchases in the following month; 10% must be pald at the time of the purchase. The remaining 40% are paid for the second month following the purchase. At lune 1 . 2013, PIP's had o 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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