Budgeted sales of the East End Burger Joint for the first quarter of the year are as follows:
$$\begin{array} { l r }
\text { January } & \$ 25,000 \
\text { February } & 30,000 \
\text { March } & 34,000
\end{array}$$ The cost of sales averages 40 percent of sales revenue and management desires ending inventories equal to 25 percent of the following month's sales.
Assuming the January 1 inventory is $6,250, the January purchases budget is:

Question

Budgeted sales of the East End Burger Joint for the first quarter of the year are as follows:
$$\begin{array} { l r } 
\text { January } & \$ 25,000 \
\text { February } & 30,000 \
\text { March } & 34,000
\end{array}$$ The cost of sales averages 40 percent of sales revenue and management desires ending inventories equal to 25 percent of the following month's sales.
Assuming the January 1 inventory is $6,250, the January purchases budget is:

Quizplus · Accepted Answer

The Answer of Budgeted sales of the East End Burger Joint for the first quarter of the year are as follows:
$$\begin{array} { l r } 
\text { January } & \$ 25,000 \
\text { February } & 30,000 \
\text { March } & 34,000
\end{array}$$ The cost of sales averages 40 percent of sales revenue and management desires ending inventories equal to 25 percent of the following month's sales.
Assuming the January 1 inventory is $6,250, the January purchases budget is:

Budgeted Sales of the East End Burger Joint for the First