Budgeted sales of gloves for Hands On for the first six months of the year 2013 are as follows:
|
Months
|
Unit Sales
|
|
January
|
700,000
|
|
February
|
820,000
|
|
March
|
760,000
|
|
April
|
720,000
|
|
May
|
1,280,000
|
|
June
|
1,500,000
|
The beginning inventory for 2013 is 200,000 units. The budgeted inventory at the end of a month is 25 percent of units to be sold the following month. Purchase price per unit is $7 per unit.
Required:
Prepare a purchases budget in units and dollars for each month, January through May.