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Prepare a purchases budget for april-may and june

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Q: The Drew Company has the following information available: Month Budgeted Sales March $150,000 April 153,000 May 151,000 June 254,500 July 252,500 The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales. Required: Prepare a purchases budget for April, May and June.

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Accounting Basics: Prepare a purchases budget for april-may and june

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Accounting Basics: Prepare a purchases budget for april-may and june

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