Memphis Company's May sales budget calls for sales of $900,000.The store expects to begin May with $50,000 of inventory and to end the month with $55,000 of inventory.Gross margin is typically 45% of sales.Compute the budgeted cost of merchandise purchases for May.

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The Answer of Memphis Company's May sales budget calls for sales of $900,000.The store expects to begin May with $50,000 of inventory and to end the month with $55,000 of inventory.Gross margin is typically 45% of sales.Compute the budgeted cost of merchandise purchases for May.

Memphis Company's May Sales Budget Calls for Sales of $900,000