Part 4 - Determine Your Accounts Payable on Purchases
BUDGET 12 - DEVELOPING YOUR OPENING BALANCE SHEET
BUDGET 7 - DEVELOPING YOUR COST OF GOODS SOLD BUDGET
After the Purchase Budget, and the Ending Inventory Budget has been developed, the next step is to Develop your "Cost of Goods Sold Budget".
Part 2 - Determine How Much Each Month's Purchases Will Cost
In order for Murray to calculate how much his monthly purchases will cost, he must determine two things; A) the number of units to be purchased each month and B) the cost to purchase each unit or diskette.
Bank Charges Expense - from Operating Expense Budget
BUDGET 5 - DEVELOPING THE MANUFACTURING FACTORY OVERHEAD
Credit Card Service Expense - from Operating Expense Budget
PART 2. The Ending Inventory Budget for a Manufacturer
The following formula is used to determine a Manufacturer's Cost Of Goods Sold.
Business Cards, etc. Expense - from Operating Expense Budget
Part 4 - Determine the Accumulated Depreciation of each Fixed Asset Category