Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory...
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Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 30,000 units Company policy is to end each month with merchandise inventory equal to 15% of budgeted sales for the following month Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 200,000 units in October Sales (Units) 210,000 , 900 278,000 Purchases (Units) 223,500 295,500 259,500 August September Prepare the merchandise purchases budgets for the months of July, August, and September. WALKER COMPANY Merchandise Purchases Budget For July, August, and September July August September Budgeted ending inventory units 30.000 Required units of available inventory Units to be purchased 223,500 295,500 259.500
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