Exercise 13-33 (Algo) Estimate Purchases and Cash Disbursements (LO 13-4, 5) Lakeside Components wishes to purchase...

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Exercise 13-33 (Algo) Estimate Purchases and Cash Disbursements (LO 13-4, 5) Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock, although sales for June are estimated to total 14,300 parts. Total sales of parts are expected to be 8,600 in July and 8,500 in August. Parts are purchased at a wholesale price of $20. The supplier has a financing arrangement by which Lakeside Components pays 50 percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased 18,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and July. Complete this question by entering your answers in the tabs below. Required A Required B Estimate purchases (in units) for June and July. June July Merchandise to be purchased in units < Required A Required B > < Prev 2 of 5 Next > Exercise 13-33 (Algo) Estimate Purchases and Cash Disbursements (LO 13-4, 5) Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock, although sales for June are estimated to total 14,300 parts. Total sales of parts are expected to be 8,600 in July and 8,500 in August. Parts are purchased at a wholesale price of $20. The supplier has a financing arrangement by which Lakeside Components pays 50 percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased 18,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and July. Complete this question by entering your answers in the tabs below. Required A Required B Estimate purchases (in units) for June and July. June July Merchandise to be purchased in units < Required A Required B > < Prev 2 of 5 Next >