Purchase Solution

Damron Company Budget of Inventory Purchases

Not what you're looking for?

Ask Custom Question

The Damron Company is preparing its budget of purchases of inventory. The policy of the company is to maintain the equal final inventory to 25% following of the cost of the sold sales of the following month. For October the budgeted cost of the sold sales is of $ 200,000.
Required:

July aug. Sept.
Budget cost
sold merchandise 150,000 180.000 190.000

More: wished
final inventory ? ? ?

Needed inventory ? ? ?

less: beginning inventory 37,500 ? ?

Required purchase ? ? ?

a) Completes the spaces in blank (?) in the budget of the inventory of the purchases.

b) Which is the amount of the inventory of the company must inform in the state into situation pro forms at the end of trimester?

Purchase this Solution

Solution Summary

This solution completes the budget table of inventory purchases and determines the amount of the inventory the company must inform the state at the end of the trimester.

Purchase this Solution


Free BrainMass Quizzes
Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.