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 $3 each and must be peld for in cash. The company has 28.000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months January February March April May June 12,400 17.00 13,200 14,200 9.60 7,200 Required: 1. & b. Estimate purchases on units) and cash required to make purchases in January, February, and March D nces MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March Yin units) January February 29.600 5 30.000 Manthi Units to be purchased Estimated cost