Business, 09.04.2021 01:00 brasilyejipark2537

Lumpkin Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Lumpkin’s policy is to maintain an ending inventory balance equal to 10 percent of the following month’s cost of goods sold. April’s budgeted cost of goods sold is $40,000. Required Complete the inventory purchases budget by filling in the missing amounts.

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Lumpkin Company sells lamps and other lighting fixtures. The purchasing department manager prepared...