Anthea's Tyre Warehouse carries a variety of tyres including a popular brand of monster truck...
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Anthea's Tyre Warehouse carries a variety of tyres including a popular brand of monster truck tyre. The 20X1 sales budget for this monster truck tyre appears below: January February March April May Projected Unit Sales 160 180 120 80 200 260 240 250 200 90 100 180 June July August September October November December Projected Dollar Sales $19,200 21,600 14,400 9,600 24,000 31,200 28,000 30,000 24,000 10.800 12,000 21,600 Anthea believes inventory at the end of the month should equal 30 per cent of the following month's projected sales. However, Anthea's Tyre Warehouse held 84 monster truck tyres in inventory on January 15 20X1 due to unexpectedly poor sales in December 20X0. Anthea prices monster truck tyres at 50 per cent above their cost. Required Prepare an inventory purchases budget (showing units purchased and dollar cost) for the first six months of 20X1
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