Question: Jasper Company projects sales of $230,000 in May, $255,000 in June, $270,000 in July, & $240,000 in August. The dollar (4) value of the firm’s cost of goods sold is 65 percent of total sales. The dollar (4) value of its desired ending inventory is 25 percent of following month’s cost of goods sold.
Given the above data, what will be the budgeted purchases for July month? [Give your answer to the nearest whole dollar.]