Preparing an inventory purchases budget
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Budgeted cost of goods sold $70,000 $74,000 $80,000
Plus: Desired ending inventory 7,400 ? ?
Inventory needed $77,400 ? ?
Less: Beginning inventory $18,000 ? ?
Required purchases (on account) $59,400 ? ?
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Solution Summary
I have created a template for you to use in Excel (attached). Click in cells to see computations and formula. You need April budgeted COGS to complete this work. (see excel)
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