For the first quarter of 2021, ABC Firm prepared the following sales budget and purchases budget. Sales Budget April May June Total Unit Sales 4,600 3,500 7,300 15,400 SP 8 8 8 8 Sales 36,800 $ 28,000 $ 58,400 $ 123,200 Purchases Budget April May June Total Unit Sales 4,600 3,500 7,300 15,400 El 700 1,460 660 660 Unit Required 5,300 4,960 7,960 16,060 BI 890 700 1,460 890 Units 2 B Purchased 4,410 4,260 6,500 15,170 Cost 5 5 5 Purchases 22,050 $ 21,300 $ 32,500 $ 75,850
For the first quarter of 2021, ABC Firm prepared the following sales budget and purchases budget. Sales Budget April May June Total Unit Sales 4,600 3,500 7,300 15,400 SP 8 8 8 8 Sales 36,800 $ 28,000 $ 58,400 $ 123,200 Purchases Budget April May June Total Unit Sales 4,600 3,500 7,300 15,400 El 700 1,460 660 660 Unit Required 5,300 4,960 7,960 16,060 BI 890 700 1,460 890 Units 2 B Purchased 4,410 4,260 6,500 15,170 Cost 5 5 5 Purchases 22,050 $ 21,300 $ 32,500 $ 75,850
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 1.3C
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