10 Nov Budgeted sales of gloves for Perfect Fit Hands for
Budgeted sales of gloves for Perfect Fit Hands for the first six months of the year 2014 are as follows:MonthsUnit SalesJanuary700,000February820,000March760,000April720,000May1,280,000June1,500,000The beginning inventory for 2014 is 210,000 units. The budgeted inventory at the end of a month is 30 percent of units to be sold the following month. Purchase price per unit is $7 per unit.Required: Prepare a purchases budget in units and dollars for each month, January through May.
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