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Gerdie Company has the following information Month Budgeted Sales March $50000 April 53,000 May 51,000 June 54500 July 52500 In addition the gross profit rate is 40% and the desired inventor

1) Gerdie Company has the following information:

Month Budgeted Sales
March $50,000
April 53,000
May 51,000
June 54,500
July 52,500

In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.
Required:
Prepare a purchases budget for April through June.

May 23 2020 View more View Less

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