Each month as follows: A company plans to have importeret lovers of cost
of
May sh 275,000
June sh 220,00 0
July sh 210,000
August sh 240,000
Sales are expected to be
June
Sh 300,000 and August 420,000. The cost of goods
sold is 607. of sales. purchases
Sh 250,000 and may sh 180,000. payments of
each month's purchasos are made as follocos &
10% during that month, 80% the next month
and the final 10l the next month.
Required: prepare budget schedules for June July
and August for purchases