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 30,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months:

January		11,400
February		17,600
March		13,200
April		13,400
May		8,800
June		6,500

Required:

a. & 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
(in units)
	January	February	March
Units to be purchased
Estimated cost