Prepare purchases budget, Favata Company has the following

Prepare purchases budget

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Reference no: EM13865928

Favata Company has the following information

Month Budgeted Sales

June $60,000

July 51,000

August 40,000

September 70,000

October 72,000

In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales.

Prepare a purchases budget for July through September.

Reference no: EM13865928

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