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Lighting Supply plans inventory levels at cost at the end of each month as follows MayMay $ 271 comma 000 $271000 June June

Lighting Supply plans inventory levels (at cost) at the end of each month as follows: MayMay, $
271 comma 000$271,000; JuneJune, $ 229 comma 000$229,000; JulyJuly, $ 202 comma
000$202,000; and AugustAugust, $ 243 comma 000$243,000 Sales are expected to be
JuneJune, $ 450 comma 000$450,000; JulyJuly, $ 364 comma 000$364,000; and AugustAugust,
$ 304 comma 000$304,000 Cost of goods sold is 55 %55% of sales Purchases in AprilApril were
$ 266 comma 000$266,000 and in MayMay they were $ 192 comma 000$192,000 Payments for
each month’s purchases are made as follows: 15 % during that month, 75 %75% the next
month, and the final 10 % the next month
Requirement
1 Prepare budget schedules for June, July and August for purchases Disbursements for purchases
15% of this months purchases
75% of last months purchases
10% of second-last months purchases
Disbursements for purchases
Need to answer highlights June
$30825
144000
26600
$201425 July
?
?
?
? August
?
?
?
? E7-31 Need to answers in last pics Fam7-A1 Need to answers in last pic P8-43 Need to answer boxes in last pic P8-44 last two choose questions

May 22 2020 View more View Less

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