Prepare a merchandise purchases budget for the first quarter.
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Westile Company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores.
It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles
needed for three months' sales. The tiles cost $2 each and must be paid for in cash. The company has
56,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six
months:
January 24,800
February 35,600
March 26,400
April 28,400
May 19,200
June 14,400
Required:
Estimate purchases (in units) and cash required to make purchases in January, February, and March.
(Omit the "$" sign in your response.)
Westile Company
Merchandise Purchases Budget
For the Period Ended March 31
(in units)
January February March
Units to be purchased 34400 6000
Estimated cost
$ 68800
$
$
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The expert prepares a merchandise purchases budget for the first quarter is examined.
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jan feb march april may june
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