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Kegglers Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 21,000 units; sports gear, 79,000 units; and apparel, 50,000 units.
Kegglers Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 21,000 units; sports gear, 79,000 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 28% 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 15,000 24,000 33,000 36,500 Sports gear 68,500 90,500 95,500 90,000 Apparel 42,000 39,000 33,000 22,000
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