Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows: Month Unit Sales Month Unit Sales January 130,000 April 190,000 February 150,000 May 160,000 March 210,000 June 220,000 Beginning inventory for 2010 is 50,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $7. Prepare a purchases budget in units and dollars for each month, January through May. Purchase units: Purchase dollars: $ The Music Shop January Purchases Budget January-May, 2010 February March April May $
Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows: Month Unit Sales Month Unit Sales January 130,000 April 190,000 February 150,000 May 160,000 March 210,000 June 220,000 Beginning inventory for 2010 is 50,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $7. Prepare a purchases budget in units and dollars for each month, January through May. Purchase units: Purchase dollars: $ The Music Shop January Purchases Budget January-May, 2010 February March April May $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
100%
![Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six months of 2010 are as follows:
Month Unit Sales Month Unit Sales
January
130,000 April 190,000
February 150,000 May 160,000
March
210,000 June
220,000
Beginning inventory for 2010 is 50,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per
unit is $7.
Prepare a purchases budget in units and dollars for each month, January through May.
Purchase units:
Purchase dollars: $
The Music Shop
January
Purchases Budget
January-May, 2010
February March
April
May
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7fcebcb-4502-4aff-ad71-839b9fa1051b%2Fc301da55-6a81-4db9-80b8-698f6aecd5b5%2Fh6sq2k8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six months of 2010 are as follows:
Month Unit Sales Month Unit Sales
January
130,000 April 190,000
February 150,000 May 160,000
March
210,000 June
220,000
Beginning inventory for 2010 is 50,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per
unit is $7.
Prepare a purchases budget in units and dollars for each month, January through May.
Purchase units:
Purchase dollars: $
The Music Shop
January
Purchases Budget
January-May, 2010
February March
April
May
$
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