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 $125 each and must be paid for in cash. The company has 27.000 ules in stock. Sales estimates, based on contracts received, are as follows for the next six months January February March April May Jung 12,600 17,700 13,30 13,30 10,00 6,300 Required: 4. & b. Estimate purchases (in units) and cash required to make purchases in January February, and March MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 finn) January February Unns to be purchased Estimated cost 11:29 AM $* ENG