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)

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter7: Budgeting
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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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