Keggler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 18,000 units, sports gear, 80,500 units; and apparel, 49,500 units. Management believes each of these inventories is too high and begins a new policy that ending inventory in any month should equal 31% of the budgeted sales units for the following month. Budgeted sales units for March April, May, and June follow. Footwear Sports gear Apparel Budgeted sales in Units March April May June 16,000 24,000 32.000 36,500 70.000 89,500 95,000 89.500 41,000 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, KEGGLER'S SUPPLY Merchandise Purchasos Budget March April May 16,000 24,000 32,000 24,000 31% 7,440 23,440 18,000 5,440 32,000 31% 9,920 33,920 7,440 36,500 31% 11,315 43,315 9.920 FOOTWEAR Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Desired ending inventory Total required units Less: Beginning inventory units Units to purchase SPORTS GEAR Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Desired ending inventory Total required units Less: Beginning inventory units Units to purchase APPAREL Budgeted sales unit Add: Desired ending inventory Next period budgeted sales units Ratio of ending inventory to future sales Desired ending inventory Total required units Less: Beginning inventory units Units to purchase