Problem 20-5AA Merchandising: Preparation and analysis of purchases budgets LO P4 Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear 20,500 units: sports equipment. 81.000 units; and apparel, 49.000 units. Management believes each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 30% of the expected unit sales for the following month. Expected sales in units for March April May, and June follow, June Footwear Sports equipment Apparel Budgeted Salou imits March All May 14,500 25.000 33,000 36,500 70,500 39,500 94,500 119,500 33,500 22.000 Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March April and May March April May FOOTWEAR Budgeted sales for next month Ratio of ending inventory to futuro sales Required units of available merchandise ook Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of onding inventory to futuro salos Required units of available merchandise Budgeted purchases APPAREL Budgeted sales for next month Ratio of onding inventory to future sales Required units of available merchandise Budgetod purchases