Homework Answers
| Inventory Purchases Budget | April | May | June |
| Budgeted cost of goods sold | 75000 | 85000 | 95000 |
| Plus: Desired ending inventory | 12750 | 14250 | 15150 |
| Inventory needed | 87750 | 99250 | 110150 |
| Less: Beginning inventory | 3800 | 12750 | 14250 |
| Required purchases (on account) | 83950 | 86500 | 95900 |
Note: The ending inventory of April will be the beginning inventory for May, and similarly ending inventory for May will be beginning inventory for June.
b. Ending inventory: $15150
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$ $ Inventory Purchases Budget Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed...
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