Blueridge Retail purchases a single product for $18 and sells it for $29. Forecasted sales for the next three months are February 2,400 units, March 3,600 units, April 4,200 units. Blueridge's policy is to have an ending inventory of 25% of the next month's sales needs on hand. February 1 inventory is projected to be 900 units. What are budgeted purchases in units for March?

Blueridge Retail purchases a single product for $18 and sells it for $29. Forecasted sales for the next three months are February 2,400 units, March 3,600 units, April 4,200 units. Blueridge's policy is to have an ending inventory of 25% of the next month's sales needs on hand. February 1 inventory is projected to be 900 units. What are budgeted purchases in units for March?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...

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