Cost of expected sales 22.000 22.440 22,889 Required ending inventory 15.708 16.022 16,343 Beginning inventory (11,000) (15,708) (16,022) Purchases 26.708 22.754 23,209 Payments in the quarter of purchase 22.702 19.341 19,728 Payments in the 1st quarter following a purchase 2.000 2.671 2,275 Payments in the 2nd quarter following a purchase 850 1,000 1,335 Cash payments for purchases 25,552 23.012 23,339