Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $405,700 for April and $480,100 for May. Cost of goods sold is expected to be 63% of sales. The companyAc€?cs desired ending inventory is 24% of the following monthAc€?cs cost of goods sold.
Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.)
| Beginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending InventoryDirect Materials per UnitDirect Materials PurchassRequired Merchandise PurchasesUnits to Be ProducedTotal Inventory Required | | $ |
| AddLess: Beginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending InventoryDirect Materials per UnitDirect Materials PurchassRequired Merchandise PurchasesUnits to Be ProducedTotal Inventory Required | |
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| Beginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending InventoryDirect Materials per UnitDirect Materials PurchassRequired Merchandise PurchasesUnits to Be ProducedTotal Inventory Required | |
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| AddLess: Beginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending InventoryDirect Materials per UnitDirect Materials PurchassRequired Merchandise PurchasesUnits to Be ProducedTotal Inventory Required | |
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| Beginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending InventoryDirect Materials per UnitDirect Materials PurchassRequired Merchandise PurchasesUnits to Be ProducedTotal Inventory Required |