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Thunder Road Guitars specializes in vintage, used, and rare guitars. Assume budgeted sales for the first...

Thunder Road Guitars specializes in vintage, used, and rare guitars. Assume budgeted sales for the first six months of the year are as follows:

Month Unit Sales Month Unit Sales
January 15 April 18
February 12 May 22
March 16 June 20

Beginning inventory for the year is 7 units. The budgeted inventory at the end of a month is 50% of units to be sold the following month. Purchase price per unit is $800.

Prepare a purchases budget in units and dollars for each month, January through May.

Thunder Road Guitars

Purchases Budget

January - May
January February March April May
Purchase units: Answer Answer Answer Answer Answer
Purchase dollars: Answer Answer Answer Answer Answer
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