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Lexi Company forecasts unit sales of 1,750,000 in April, 1,260,000 in May, 490,000 in June, and...

Lexi Company forecasts unit sales of 1,750,000 in April, 1,260,000 in May, 490,000 in June, and 1,530,000 in July. Beginning inventory on April 1 is 330,000 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.

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Merchandise Purchase Budget Particulars April May Budget Sales 17,50,000 12,60,000 Add: Desired Closing Stock 3,78,000 1,47,0

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