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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $450,000 for April and $480,000...

Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $450,000 for April and $480,000 for May. Cost of goods sold is expected to be 63% of sales. The company’s desired ending inventory is 25% of the following month’s cost of goods sold.

Compute the required purchases for April.

Moore Wholesalers
Purchases Budget

For the Quarter EndedFor the Year EndedFor the Month of April

Required Merchandise Purchases for AprilBeginning InventoryBudgeted Cost of Goods SoldTotal Inventory RequiredDesired Ending InventoryDirect Materials PurchassDesired Ending Direct MaterialsUnits to Be ProducedDirect Materials per Unit

 $

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Units to Be ProducedBeginning InventoryBudgeted Cost of Goods SoldDirect Materials per UnitDesired Ending Direct MaterialsRequired Merchandise Purchases for AprilDesired Ending InventoryDirect Materials PurchassTotal Inventory Required

Units to Be ProducedDirect Materials per UnitDirect Materials PurchassRequired Merchandise Purchases for AprilTotal Inventory RequiredBeginning InventoryBudgeted Cost of Goods SoldDesired Ending Direct MaterialsDesired Ending Inventory

AddLess

:

Required Merchandise Purchases for AprilDesired Ending InventoryUnits to Be ProducedTotal Inventory RequiredDesired Ending Direct MaterialsDirect Materials PurchassDirect Materials per UnitBeginning InventoryBudgeted Cost of Goods Sold

Total Inventory RequiredDirect Materials per UnitDirect Materials PurchassRequired Merchandise Purchases for AprilUnits to Be ProducedBudgeted Cost of Goods SoldBeginning InventoryDesired Ending Direct MaterialsDesired Ending Inventory

 $

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Moore Wholesalers Purchase Budget For the month April Budgeted Cost of Goods sold Add: Desired Ending Inventory Total Invento

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