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Audrey Company Has the Following Data The Cost of Goods Sold Percentage Is 65% of Sales

question 73

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Audrey Company has the following data:
 Month  Budgeted Sales  May $46,000 June 50,000 July 52,000 August 48,000\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 48,000\end{array}
The cost of goods sold percentage is 65% of sales and the desired ending inventory is 25% of next month's sales at cost.What are the total purchases budgeted for July?

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