Walker company prepares monthly budgets the current budget, Ask an Expert

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Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 19,000 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the three most recent months follow.

	Sales (Units)	Purchases (Units)
July	170,000	186,000
August	330,000	326,000
September	290,000	280,000

1. Prepare the company's merchandise purchases budget for the months of July, August and September.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9945504

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