A little more practice on production budgets... Perry Company has provided the following information: Month...
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Accounting
A little more practice on production budgets... Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales. Required: Prepare a purchases budget for April through June.
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