QUESTION 25 PARTI Budgeted sales of gloves for Glover for the first six months of the year 2022 are as follows: Month Unit Sales OPERATING BUDGETS January 450,000 February 510,000 March 480,000 April 460,000 740,000 850,000 May June The beginning inventory for 2022 is 205,000 units. The budgeted inventory at the end of a month is 30% of units to be sold the following month. Purchase price per unit is $4 per unit REQUIRED: 1) Prepare a purchases budget in units and dollars for the first Quarter of the year (January through March). Provide the answer for the following items: a. Ending Inventory for January b. Beginning Inventory for March c. How many units will need to be purchased in January, February, and March? d. What is the cost of the purchases in January, February, and March?