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 42,000 units. Company policy is to end each month with merchandise inventory equal to 20% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 210,000 units in October July August September 160,800 300,006 300,800 188,800 380,808 282,800 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 Required units of available inventory Units to be purchased 42,000 88,000 300,000 282,000
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