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Annie's Homemade buys branded tshints from a supplier for $12.00 each and sells them to customers for $20.00 aplece. Next year, it expects to sell

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Annie's Homemade buys branded tshints from a supplier for $12.00 each and sells them to customers for $20.00 aplece. Next year, it expects to sell an averoge of 50 t-shirts per month and hopes the following year's unit sales will grow by 20% This year's ending inventory includes 120 t-shirts and the company expects next year's ending inventories to equal 25% of the following year's sales. Required: Prepare a merchandite purchases budget for next year

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