Can you tell by looking at the purchases budget in Exhibit 9-11 how many surfboards Marcy’s has forecasted it will sell in October? Explain your reasoning.

Exhibit 9-11

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Marcy's Surf Shop Purchases Budget For the Quarter Ended September 30, 2004 Forecasted Unit Sales = Total Units Needed July August September Total 30 50 40 120 (a) + Desired Ending Inventory* 20 16 24 24 (b) 50 66 64 144 (c) 1 Beginning Inventory (8) (20) (16) (8) (d) = Units to Be Purchased 42 46 48 136 (e) Cost per Unit $ 120 $ 120 120 120 (f) = Cost of Purchases $5,040 $5,520 $5,760 $16,320 (g) *40% of the next month's sales requirements