The Depp Company has the following information available:
The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales.
Required:
Prepare a purchases budget for July,August and September.

Question

The Depp Company has the following information available:
  The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales.
Required:
Prepare a purchases budget for July,August and September.

Quizplus · Accepted Answer

The Answer of The Depp Company has the following information available:
  The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales.
Required:
Prepare a purchases budget for July,August and September.

The Depp Company Has the Following Information Available