Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first...
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Accounting
Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows:
| Month | Unit Sales | Month | Unit Sales |
|---|---|---|---|
| January | 130,000 | April | 190,000 |
| February | 150,000 | May | 160,000 |
| March | 210,000 | June | 220,000 |
Beginning inventory for 2010 is 50,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $7. Prepare a purchases budget in units and dollars for each month, January through May.
| The Music Shop Purchases Budget January - May, 2010 | |||||
|---|---|---|---|---|---|
| January | February | March | April | May | |
| Purchase units: | Answer | Answer | Answer | Answer | Answer |
| Purchase dollars: | $Answer | $Answer | $Answer | $Answer Mark 0.00 out of 1.00 | $Answer |
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