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Li Company forecasts unit sales of 640000 in April 720,000 in May 780000 in June and 620,000 in July Beginning inventory on April 1 is 192000 units

Li Company forecasts unit sales of 640,000 in April, 720,000 in May, 780,000 in June, and 620,000 in July. Beginning inventory on April 1 is 192,000 units, and the company wants to have 30% of next month’s sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.

Apr 25 2020 View more View Less

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