What will be the budgeted purchases for july

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Reference no: EM1314701

Budgeting involves computation of budgeted purchase.

Jasper company
Jasper Company projects sales of $230,000 in May, $255,000 in June, $270,000 in July, and $240,000 in August. The dollar value of the company's cost of goods sold is 65% of total sales. The dollar value of its desired ending inventory is 25% of the following month's cost of goods sold.

Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.

Reference no: EM1314701

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