Questions 15 points Meridian Industries manufactures and sets two models of watches, Prime and Lusura. It expects to sell 4000 units of prime and 1900 units of Luxurla in 2016. The followed estimates 2016 Prime Selling price 1200 $500 Duterte 30 Direct labor 00 200 Manufacturing whead 30 150 Meridian had an inventory of 230 units of Rome and units of Lour at the end of 2015. decided that a measure to counter stock opes wil artan endre inventory of units of Prime and 230 units of Luxuria Each lumurta watch requires and unit of Crimpion and has to be imported at a cost of 510. There were 150 units of Crimpson in stock at the end of 2015. The management does not want to have any stock of Crimpson at the end of 2016, What is the amount budgeted for purchase of Crimpson in 2016 $18.850 541.600 $20,350 519,000 23 Question 8 1.5 points Samen Month Wallace Company provides the following data for next year Butgeted Sale January $122.000 February 111,000 March 120,000 April 15000 The gross profitrate is 35 of sales. Inventory at the end of December is 321,600 and target ending inventory levels are 20% of next month's sales stated at cost What is the amount of purchases budgeted for January $93.730 572.130 $79.300 $64,870