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. 18,500 units, sports equipment, 78,500 units; and apparel. 48 500 units. Management belleves each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 28% of the expected unit sales for the following month. Expected sales in units for March April, May, and June follow Footwear Sports quipment Apparel Budgeted Sales nits March May Bone 14,000 24.000 38,500 36.500 69,500 90, e 95,500 89.000 48,500 38,500 33,500 23 008 Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March April, and May KEGGLER'S SUPPLY Merchandise Purchases Budget For March April, and May March FOOTWEAR Budgeted sales for next month Ratio of ending inventory to future sales April May Required units of available merchandise Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Required its of available merchandise Budgeted purchases APPAREL Budgeted sales for a month Ratio ofending for to future sales Roquod units of wall chande Bodorind durchates