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 $075 each and must be paid for in cash. The company has 26,000 tiles in stock Sales estimates, based on contracts received, are as follows for the next six months January February March April 12,100 17.700 13,100 15,100 8,600 7,200 May June Required: .. & b. Estimate purchases on units) and cash required to make purchases in January February, and March MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 (in units) January February Units to be purchased Estimated cost March