The Markey Company prepared the following sales budget: In addition, the gross profit rate is 40 percent and the desired inventory level is 30 percent of next month's sales.
Required: Prepare a purchases budget for April through June.

Question

The Markey Company prepared the following sales budget:  In addition, the gross profit rate is 40 percent and the desired inventory level is 30 percent of next month's sales.
Required: Prepare a purchases budget for April through June.

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The Answer of The Markey Company prepared the following sales budget:  In addition, the gross profit rate is 40 percent and the desired inventory level is 30 percent of next month's sales.
Required: Prepare a purchases budget for April through June.

The Markey Company Prepared the Following Sales Budget: in Addition