Budgeted sales of gloves for First Fleet for the first six months of the year 2018 are as follows:
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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