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14. Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the files from a small company in
14.
Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the files from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months sales. The tiles cost $1.00 each and must be paid for in cash. The company has 27000 tiles in stock Sales estimates, based on contracts received, are as follows for the next six months January February March April May Dune 13,100 17,400 13,100 14,300 9.500 6,700 Required: 6.& 6. Estimate purchases in units) and cash required to make purchases in January, February, and March. MIDLAND COMPANY Morchandine Purchase Budget For the Period Enited March 31 January Fery March Units to be purchased Estimated cost Step by Step Solution
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