Exercise 13-30 Estimate Purchases and Cash Disbursements (LO 134, 5) Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a s needed for three months' sales. The tiles cost $3 each and must be paid for in cash. The company has 28,000 tiles in months January12,400 February 17.800 March April May June 14,200 9,600 7.200 Required: a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March. MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 (in units) February March Units to be purchased Estimated cost Book &Resources Exercise 13-30 Estimate Purchases and Cash Disbursements (LO 134, 5) Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a s needed for three months' sales. The tiles cost $3 each and must be paid for in cash. The company has 28,000 tiles in months January12,400 February 17.800 March April May June 14,200 9,600 7.200 Required: a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March. MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 (in units) February March Units to be purchased Estimated cost Book &Resources