Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first...
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Accounting
Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows:
Month
Unit Sales
Month
Unit Sales
January
140,000
April
200,000
February
140,000
May
160,000
March
200,000
June
220,000
Beginning inventory for 2010 is 60,000 units. The budgeted inventory at the end of a month is 30 percent of units to be sold the following month. Purchase price per unit is $4. Prepare a purchases budget in units and dollars for each month, January through May.
The Music Shop Purchases Budget January - May, 2010
January
February
March
April
May
Purchase units:
Answer
Answer
Answer
Answer
Answer
Purchase dollars:
$Answer
$Answer
$Answer
$Answer
$Answer
Answer & Explanation
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