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Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning inventory on July is units. The company budgets sales of units in October. The merchandise cost per unit is $
tableJuly,August,SeptemberBudgeted sales units,Units to purchase,
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Prepare the merchandise purchases budgets for the months of July, August, and September.
tableWALKER COMPANYMerchandise Purchases BudgetJuly,August,SeptemberBudgeted ending inventory unitsAdd: Desired ending inventoryNext period budgeted sales unitsRatio of inventory to future salesDesired ending inventory units,Total required unitsLess: Beginning inventory unitsUnits to purchaseCost per unitCost of merchandise purchases,,,
