Keggler's Supply is a merchandiser of three different products Beginning inventories for March are footwear, 19,500 units, sports gear, 79.500 units; and apparel, 50,000 units Management believes each of these inventories is too high and begins a new policy that ending inventory in any month should equal 32% of the budgeted sales units for the following month. Budgeted sales units for March, Apr, May, and June follow Budgeted Sales in Units Footwear Sports gear Apparel March Apell 15,500 25,000 33,000 72,000 38,500 95,500 91,000 41.000 3,500 33,500 22,000 Pay Dune 30,000 Required: 1. Prepare a merchandise purchases budget (in units only) for each product for each of the months of March, April, and May, FOOTWEAR Add: Desired ending inventory Next period budgeted sales units Merchandise Purchases Budget Ratio of ending inventory to future sales Total required units Units to purchase SPORTS GEAR Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Total required units Units to purchase APPAREL Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Total required units March April May 0 < Prev