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Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six...

Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six months of 2010 are as follows:

Month Unit Sales Month Unit Sales
January 130,000 April 190,000
February 160,000 May 190,000
March 190,000 June 230,000

Beginning inventory for 2010 is 40,000 units. The budgeted inventory at the end of a month is 20 percent of units to be sold the following month. Purchase price per unit is $3.

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

The Music Shop
Purchases Budget
January - May, 2010
January February March April May
Purchase units: Answer Answer Answer Answer Answer
Purchase dollars: $Answer $Answer $Answer $Answer $Answer
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