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  3. 2. (tco 2) favata company has the following inform

2. (TCO 2) Favata Company has the following information Month Budgeted Sales June $60,000 July...

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Accounting

2. (TCO 2) Favata Company has the following information Month Budgeted Sales June $60,000 July 51,000 August 40,000 September 70,000 October 72,000 In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales. Prepare a purchases budget for July through September.

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