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Prepare the beverage purchases budget

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Reference no: EM133059166

Question - Joe is the beverage manager at Flash Nightclub and has been asked to prepare November's beverage purchases budget. The general manager requires Joe to maintain a 20% cost of sales for beverages and has provided him with the following information from the sales budget for November, December and January.

Sales Budget (partial)

For the Months of November, December and January

November December January

Beverage Sales $80,000 Nov $95,000 Dec $75,000 Jan

Based on his experience, Joe requires 25% of the following month's cost of sales to be in inventory at the end of each month. Prepare the beverage purchases budget.

Reference no: EM133059166

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