Exercise 13-36 (Static) Estimate Purchases and Cash Disbursements (LO 13-3, 4) Eliot Sprinkler Systems produces equipment for lawn imigation. One of the parts used in selected Eliot equipment is a specialiy nozzle The budgeting team is now determining the purchase requirements and monthly cash disbursements for this part. Elot wishes to have in stock enough nozzles to use for the coming month. On August 1, the company has 16,800 nozzles in stock, although the latest estimate for Atygust production indicates a requirement for only 15,000 nozzles. Total uses of the nozzle are expected to be 14,700 in September and 15,540 in October. Nozzles are purchased at a wholesale price of $8. Ellot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Ellot purchased 21,000 parts in July. Required: Q. Estimate purchases of the nozzie (in units) for August and September b. Esumate the cash disbursements for nozzles in August and September. (3) Answer is complete. but not entirely correct. Complete this question by entering your answers in the tabs below. Estmate purchases of the nozzle (in units) for August and September. Exercise 13-36 (Static) Estimate Purchases and Cash Disbursements (LO 13-3, 4) Ellot Sprinkier Systems produces equipment for lawn Irrigation. One of the parts used in selected Eliot equipment is a specialiy nozzle The budgeting team is now determining the purcprse requirements and monthly cash disbursements for this part. Ellot wishes to have in stock enough niozzles to use for the coming month. On August 1, the company has 16,800 nozzles in stock. although the latest estimate for Atigust production indicates a requirement for only 15,000 nozzles. Total uses of the nozzle are expected to be 14,700 in September and 15,540 in October: Nozzles are purchased at a wholesale price of \$8. Elot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Ellot purchased 21,000 parts in July. Required: Q. Estimate purchases of the nozzle (in units) for August and September. b. Estimate the cash disbursements for nozzles in August and September. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Estimate the cash disbursements for nozzles in August and September