The Drew Company has the following information available:
The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales.
Required:
Prepare a purchases budget for April,May and June.

Question

The Drew Company has the following information available:
  The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales.
Required:
Prepare a purchases budget for April,May and June.

Quizplus · Accepted Answer

The Answer of The Drew Company has the following information available:
  The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales.
Required:
Prepare a purchases budget for April,May and June.

The Drew Company Has the Following Information Available