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Budgeted Sales of Gloves for First Fleet for the First

Question 77

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Budgeted sales of gloves for First Fleet for the first six months of the year 2018 are as follows:
 Months  Unit Sales  January 350,000 February 410,000 March 380,000 April 360,000 May 640,000 June 750,000\begin{array} { l r } \underline{\text { Months }} & \underline{\text { Unit Sales }} \\\text { January } & 350,000 \\\text { February } & 410,000 \\\text { March } & 380,000 \\\text { April } & 360,000 \\\text { May } & 640,000 \\\text { June } & 750,000\end{array} The beginning inventory for 2018 is 105,000 units. The budgeted inventory at the end of a month is 30 percent of units to be sold the following month. Purchase price per unit is $3 per unit.
Required: Prepare a purchases budget in units and dollars for each month, January through May.

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