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 $0.75 each and must be paid for in cash. The company has 29,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months:

January		12,500
February		17,600
March		12,400
April		14,100
May		9,100
June		7,600

Required:

a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March.

January February March

Units to be purchased:

Estimated cost: