December of the previous year : 10,000

January : 70,000

February : 30,000

March : 50,000

April : 20,000

Prepare a purchases budget and the schedule for Disbursements for Purchases for January through March and for the first quarter in total. Assume that the company only sells one product that can be purchased at $35.00 per unit. The market for this product is very competitive and customers highly value quality and on time delivery of the product. Also assume that currently the company has an inventory policy that ending inventory should equal 5% of the next months budgeted sales.