Grouper's Jeans 'n Tees is a retailer specializing in designer jeans and T-shirts. The company expects to sell 11,500 pairs of jeans each quarter in the first two quarters, 23,000 pairs in the third quarter, and 18,000 in the fourth quarter. For T-shirts, sales are expected to be 23,000 each quarter for the first two quarters, 38,000 in the third quarter, and 28,000 in the fourth quarter. Managers would like to maintain an ending inventory equal to 25% of next quarter's sales, but they expect to have only 2,375 pairs of jeans and 3,750 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 4th Planned Sales 11500 11500 23000 18000 2375 2375 2375 2375 Desired Ending Inventory Total Required 13875 13875 25375 20375 Planned Beginning Inventor Total Purchases 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 4th