Perry Company has provided the following information:
In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.
Required:
Prepare a purchases budget for April through June.
Definitions:
Pathogenic Bacteria
Microorganisms that can cause disease in their host.
Streptococcus
A genus of coccus-shaped bacteria, some species of which are responsible for strep throat, scarlet fever, and other infections.
E. coli
A common bacterium found in the intestines of humans and animals that can cause food poisoning when consumed in contaminated food.
Microbes
Tiny, single-celled organisms, including bacteria, viruses, fungi, and protozoa, that can exist in a variety of environments.
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