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Purchases Budget Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the

Purchases Budget

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 130 $1,170
February 120 1,080
March 140 1,260
April 150 1,350
May 170 1,530
June 160 1,440

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, 23 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
January February March April May
Unit sales fill in the blank 65bc560aafb8fa5_1 fill in the blank 65bc560aafb8fa5_2 fill in the blank 65bc560aafb8fa5_3 fill in the blank 65bc560aafb8fa5_4 fill in the blank 65bc560aafb8fa5_5
Desired EI fill in the blank 65bc560aafb8fa5_6 fill in the blank 65bc560aafb8fa5_7 fill in the blank 65bc560aafb8fa5_8 fill in the blank 65bc560aafb8fa5_9 fill in the blank 65bc560aafb8fa5_10
Total needed fill in the blank 65bc560aafb8fa5_11 fill in the blank 65bc560aafb8fa5_12 fill in the blank 65bc560aafb8fa5_13 fill in the blank 65bc560aafb8fa5_14 fill in the blank 65bc560aafb8fa5_15
Less: BI fill in the blank 65bc560aafb8fa5_16 fill in the blank 65bc560aafb8fa5_17 fill in the blank 65bc560aafb8fa5_18 fill in the blank 65bc560aafb8fa5_19 fill in the blank 65bc560aafb8fa5_20
Unit purchases fill in the blank 65bc560aafb8fa5_21 fill in the blank 65bc560aafb8fa5_22 fill in the blank 65bc560aafb8fa5_23 fill in the blank 65bc560aafb8fa5_24 fill in the blank 65bc560aafb8fa5_25

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 $fill in the blank f33168fb4fc6f9b_1
February fill in the blank f33168fb4fc6f9b_2
March fill in the blank f33168fb4fc6f9b_3
April fill in the blank f33168fb4fc6f9b_4
May fill in the blank f33168fb4fc6f9b_5

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