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.

Quizplus · Accepted Answer

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