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(Solution) - Budgeted sales of The Music Shop for the first six

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Budgeted sales of The Music Shop for the first six months of 2010 are as follows:
Beginning inventory for 2010 is 40,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $5.
Required:
Prepare a purchases budget in units and dollars for each month, January through May.

 







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This question was answered on: Jul 11, 2017

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