Quart Company prepared the following sales budget: Month Budgeted Sales March April May June $200,000...
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Quart Company prepared the following sales budget: Month Budgeted Sales March April May June $200,000 $270,000 $220,000 $240,000 Additional information: Cost of goods sold is budgeted at 65% of sales. Desired inventory levels at the end of each month are 25% of the next month's cost of goods sold. Required: Calculate the budgeted purchases for the months of April and May. March's data calculations have been included for you.
Quart Company prepared the following sales budget: Additional information: Cost of goods sold is budgeted at 65% of sales. Desired inventory levels at the end of each month are 25% of the next months cost of goods sold Required: Calculate the budgeted purchases for the months of April and May. March's data calculations have been included for you
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