Prepare purchases budget in units and dollars for each month

Assignment Help Accounting Basics

Reference no: EM131965741

Problem

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.

Reference no: EM131965741

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