Torres Company budgets merchandise purchases of $15,800 in January, $18,600 in February, and $21,200 in March. For those purchases, 60% of purchases are paid in the month of purchase and 40% are paid in the month after the purchase. The company purchased $25,000 of merchandise in December. Prepare a schedule of cash payments for merchandise for the months of January, February, and March. TORRES COMPANY Cash Payments for Merchandise Purchases January February March Merchandise purchases $ 15,800 $ 18,600 $ 21,200 Cash payments for: Current period purchases Prior period purchases Total cash payments for purchases Raider-X Company budgets sales of 20,000 units for April and 22,000 units for May. Beginning inventory on April 1 is 2,400 units, and the company wants to have 40% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $2. Prepare a merchandise purchases budget for the month of April. RAIDER-X COMPANY Merchandise Purchases Budget April Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales 0 Total required units Units to be purchased Cost per unit Cost of merchandise purchases $ 0