To calculate the inventory to be purchased in a merchandise purchases budget, the formula is:-
(Inventory to be purchased)=(Budgeted Ending Inventory)+(Budgeted cost of sales for the period)-(Budgeted beginning inventory).
A merchandise purchase budget is a financial plan that indicates the total cost or units of inventory that a retailer expects to purchase during an accounting period. In other words, this is the budget that managers use to plan inventory purchases for the next period.
A product may also refer to as a "gift". This is a promotional item that is given away or sold for free, such as the custom water bottle shown here. These items include calendars, magnets, wall art, stationery, greeting cards, textiles, badges, and much more. These were examples of merchandise purchase budget.
Disclaimer: Learn more about merchandise purchases budget here https://brainly.com/question/7456192
#SPJ4
