Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show all work for question 2 Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales
please show all work for question 2
Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below. Unit Sales Dollar Sales January 190 $1,710 February 180 1,620 March 200 1,800 April 210 1,890 May 230 2,070 June 220 1,980 The owner of Tiger Drug believes that ending inventories should be sufficient to cover 10 percent of the next month's projected sales. On January 1, 24 bottles of vitamins were in inventory. Required: 1. Prepare a merchandise purchases budget in bottles of vitamins for as many months as you can. Tiger Drug Store Merchandise Purchases Budget February March April 190 180 200 210 May 230 Unit sales Desired EI 18 20 21 23 22 Total needed 208 200 221 233 252 Less: BI 24 18 20 21 23 Unit purchases 184 182 201 212 229 Feedback Check My Work The purchases amount can be determined by considering beginning and ending (desired) inventory amounts. Also, consider expected usage. 2. If vitamins are priced at cost plus 80 percent, what is the dollar cost of purchases for each month of your purchases budget? January February ull March April May FeedbackStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started