Keggler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 18,500 units; sports gear, 81,500 units; and apparel, 48,000 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. April, May, and June follow. Budgeted Sales in Units March April May June Footwear Sports gear Apparel 14,500 26,000 33,500 34,000 71,500 89,000 94,500 89,000 40,500 39,000 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. FOOTWEAR Budgeted sales units KEGGLER'S SUPPLY Merchandise Purchases Budget March April 14,500 Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales 32% Desired ending inventory Total required units Less: Beginning inventory 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 Units to purchase 26,000 May 33,500 0 14,500 26,000 33,500