Chec Problem 20-5AA Merchandising: Preparation and analysis of purchases budgets LO P4 Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19,500 units, sports equipment, 80,500 units, and apparel, 49,500 units Management believes each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 29% of the expected unnt sales for the following month. Expected sales in units for March April May, and June follow. Footwear Sports equipment Apparel Dudered stes In Uniti March April Hay June 15,500 25,500 35,000 34,000 71,500 91,500 95,500 89,500 41,500 37,500 33,500 22.000 Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March April and May Chapter 20 Homework 3 33 000 42.860 15 500 22.895 (19.500) 3.395 25,500 35070 (7.395) 27675 6 points 95,500 89.500 29% 29% ebook 27695 Print 91.500 29% 26.535 715001 98 035 (80.500 17.535 91 500 25,955 95,500 121.455 Budgeted units sales for month Required units of available merchandise Actual (or estimated) beginning inventory Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Budgeted ending Inventory Budgeted units sales for month Required units of available merchandise Actual (or estimated) beginning Inventory Budgeted purchases APPAREL Budgeted sales for next month Ratio of ending inventory to future sales Budgeted ending inventory Budgeted units sales for month Required units of available merchandise Actualor estimated) beginning inventory Raranted the 119,195 22.000 29% 37.500 29% 10.875 41.500 33.500 29% 9,715 37.500 47215 6.380 33,500 52 375 39.880 (49.500 28751 - Nav