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

Question

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

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

The Doran Company Prepared the Following Revenue Budget