Bergstrom Corporation prepared the following sales budget: The cost of goods sold percentage is 65 percent and the desired inventory level is 25 percent of next month's sales.
Required: Prepare a purchases budget for July through September.

Question

Bergstrom Corporation prepared the following sales budget:  The cost of goods sold percentage is 65 percent and the desired inventory level is 25 percent of next month's sales.
Required: Prepare a purchases budget for July through September.

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The Answer of Bergstrom Corporation prepared the following sales budget:  The cost of goods sold percentage is 65 percent and the desired inventory level is 25 percent of next month's sales.
Required: Prepare a purchases budget for July through September.

Bergstrom Corporation Prepared the Following Sales Budget: the Cost