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 hond 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 30.000 tlles in stock. Sales estimates, based on contracts received, are as follows for the next six months January February March April May 12,600 18,00 13.100 14.000 10,200 7,400 Required: 1. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March MOLANO COMPANY Merchandise Purchases Budget For the Period Ended Match 31 in units) January February March Units to be purchased Estimated cost