Incomplete Data on Sales. The following information pertains to merchandise purchased by Westwood Plumbing Co. for July, August, September, and October. During any month, 60 percent of the merchandise...


Incomplete Data on Sales. The following information pertains to merchandise purchased by Westwood Plumbing Co. for July, August, September, and October. During any month, 60 percent of the merchandise to be sold in the following month is purchased. The balance of the merchandise is purchased during the month of sale. Gross margin averages 20 percent of sales.


Purchases


For the Following Month              For the Current Month


July                                        $87,000                                $92,000


August                                  $96,000                                 $100,000


September                         $120,000                             $89,000


October                               $110,000                             $92,000


Estimate the sales revenue for August, September, and October.

May 05, 2022
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