What budgeted purchases for the fourth quarter should be


Barrett's Fashions forecast sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, what should be the budgeted purchases for the fourth quarter ?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What budgeted purchases for the fourth quarter should be
Reference No:- TGS086829

Expected delivery within 24 Hours