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Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 20.500 units; sports equipment, 81,000 units; and apparel, 49,500
Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 20.500 units; sports equipment, 81,000 units; and apparel, 49,500 units. Management believes each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow Footwear Sports equipment Apparel Budgeted Sales in Units March April May June 14,000 23,500 31,500 35,500 70,000 90,500 94,500 89,500 40,500 38,000 34,000 23,000 Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and May
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