Exercise 10.24 Waterway's Jeans in Tees is a retailer specializing in designer jeans and T-shirts. The company expects to sell 12,500 pairs of jeans each quarter in the first two quarters, 25.000 pairs in the third quarter, and 20,000 in the fourth quarter. For T-shirts, sales are expected to be 25,000 cach quarter for the first two quarters, 40,000 in the third quarter, and 30,000 in the fourth quarter Manager would like to maintain an ending inventory equal to 20% of nest quarter's sales, but they expect to have only 2.000 pairs of jeans and 3.250 T-shirts in beginning inventory Prepare a quarterly purchases budget for Jeans Assume that the sales forecast for the first quarter of the following year is the same as the first quarter forecast for this year Jeans Quarter 1st 2nd 3rd Prepare a quarterly purchases budget for T-shirts. Assume that the sales forecast for the first quarter of the following year is the same as the first quarter forecast for this year. T-Shirts Quarter 1st 2nd 3rd Desired Ending ventory Planned Beginning inventory Planned Sales Total Required Total Purchases Question Attempts: 0 of 3 used