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Superior Industries prepares budgets to help manage the company. Superior is budgeting for the fiscal year ended January 31,2018 . During the preceding year ended

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Superior Industries prepares budgets to help manage the company. Superior is budgeting for the fiscal year ended January 31,2018 . During the preceding year ended January 31,2017 , sales totaled $8,900 million and cost of goods sold was $6,500 million. At January 31, 2017, inventory was $2,100 million. During the upcoming 2018 year, suppose Superior expects cost of goods sold to increase by 16%. The company budgets next year's ending inventory at $2,400 million. Read the requirement. Superior should purchase $ million worth of inventory during the upcoming year to reach its budget. Requirement 1. One of the most important decisions a manager makes is how much inventory to buy. How much inventory should Superior purchase during the upcoming year to reach its budget

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