GrowMaster Products, a rapidly growing distributor of home gardening equipment,

Question

GrowMaster Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firm’s marketing director, has completed the following sales forecast.

Phillip Smith, an accountant in the Planning and Budgeting Department, is responsible for preparing the cash flow projection. He has gathered the following information.

prepare the purchases budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

April

May

June

April COGS

May COGS

June COGS

Month Sales Month Sales January $908,300 July $1,508,600 February $1,005,000 August $1,508,600 March $908,300 September $1,609,200 April $1,158,100 October $1,609,200 May $1,256,000 November $1,508,600 June $1,403,400 December $1,702,100

Explanation / Answer

April

April COGS

June COGS

PURCHASE BUDGET

April

May June

April COGS

$138,972 $324,268 May COGS $150,720 $351,680

June COGS

$168,360 July COGS Totals $138,972 $474,988 $520,040

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