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Keagler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 18,500 units: sports gear, 79,000 units; and apparel, 50,000 units.
Keagler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 18,500 units: sports gear, 79,000 units; and apparel, 50,000 units. Management belleves each of these inventories is too high and begins a new policy that ending inventory in any month should equal 29% of the budgeted sales units for the following month. Budgeted sales units for March, April, May, and June follow. 9 Budgeted sales in Unite March April May June Footwear 14,000 27,000 30,000 35,000 Sports gear 69,500 91.000 96,000 90,500 Apparel 41,500 37,500 32,500 23,000 Required: 1. Prepare a merchandise purchases budget (in units only for each product for each of the months of March, April, and May, May Answer is not complete. KEGGLER'S SUPPLY Merchandise Purchases Budget March April FOOTWEAR Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Budgeted sales unit Total required units 0 March April May FOOTWEAR 0 Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Budgeted sales unit Total required units Budgeted sales unit Units to purchase SPORTS GEAR Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Budgeted sales unit Total required units Budgeted sales unit Units to purchase APPAREL Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does I VISU LAIN > 7:07 X Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Budgeted sales unit Total required units Budgeted sales unit Units to purchase APPAREL Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Budgeted sales unit Total required units Budgeted sales unit Units to purchase
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