Executive officers of Weston Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources.

Source of Estimate	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Sales manager	$	378,000		$	317,000		$	290,000		$	472,000
Marketing consultant		518,000			467,000			400,000			651,000

Westons past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarters expected cost of goods sold as the current quarters ending inventory. This years ending inventory is $38,000. Next years ending inventory is budgeted to be $39,000.

Required

a.

Prepare an inventory purchases budget using the sales managers estimate. (Round your answers to the nearest whole dollar amount.)

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Sales	378000	317000	290000	472000
Total inventory needed
Required Purchase

b.

Prepare an inventory purchases budget using the marketing consultants estimate.

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Sales	518000	467000	400000	651000
Total inventory needed
required purchases