exi Company forecasts unit sales of 1,880,000 in April, 1,270,000 in May, 810,000 in June, and 1,480,000 in July. Beginning inventory April 1 is 310,000 units, and the company wants to have 30% of next month's sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June. LEXI COMPANY Merchandise Purchases Budget For April, May, and June April 1,270,000 30% Next month's budgeted sales (units) Ratio of inventory to future sales Required units of available inventory Units to be purchased May 810,000 30% L June 1,480,000 30%

exi Company forecasts unit sales of 1,880,000 in April, 1,270,000 in May, 810,000 in June, and 1,480,000 in July. Beginning inventory April 1 is 310,000 units, and the company wants to have 30% of next month's sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June. LEXI COMPANY Merchandise Purchases Budget For April, May, and June April 1,270,000 30% Next month's budgeted sales (units) Ratio of inventory to future sales Required units of available inventory Units to be purchased May 810,000 30% L June 1,480,000 30%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14EB: Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is...

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