Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month cost of sales. The purchase budget for june is : Select one: a. $129,360 b. $163,920 C. $124,920 d. $129,360 e. $380,040 f. $125,760

Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month cost of sales. The purchase budget for june is : Select one: a. $129,360 b. $163,920 C. $124,920 d. $129,360 e. $380,040 f. $125,760

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1EA: Blue Book printing is budgeting sales of 25,000 units and already has 5,000 in beginning inventory....

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