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Preparing an inventory purchases budget

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Jan Feb Mar
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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