Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. How many units should the company purchase in August?

Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. How many units should the company purchase in August?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...

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Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. What dollar amount should the company budget for July purchases?(Answer without comma separators, e.g., 1000 instead of 1,000)
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