Management's inventory policy is to have ending inventory equal to 2.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at August 31st will be $175,000.
Calculate the purchase budget, in dollars, for the months of September, October, and November.© BrainMass Inc. brainmass.com June 3, 2020, 7:53 pm ad1c9bdddf
Month September October November December
Sales 78,000 71,000 ...
The solution explains how to prepare a purchase budget