Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months' 

sales. The tiles cost $1.00 each and must be paid for in cash. The company has 27,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months:

 

January12,600February17,400March12,700April13,600May10,300June8,100

Required:

a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March.