gnment CALCULATOR PRITER VERSION BACK Brief Exercise 13-10 Marigold Wholesalers

Question

gnment CALCULATOR PRITER VERSION BACK Brief Exercise 13-10 Marigold Wholesalers is preparing its merchandise purchases budget. Bud expected to be 61% of sales. geted sales are $439,500 for April and $522,500 for May. Cost of goods sold is The company's desired ending inventory is 21% of the following month's cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal Marigold Wholesalers Purchases Budget Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Calculation of purchase budget -

Purchases would be $506432

                                                                Purchase Budget Particular April May Sales A 439500 522500 COGS C 268095 318725 Profit (A-C) 171405 203775 Closing stock B 66932 - Opening stock Nil 66932 Purchases (A+B) 506432 -

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.