Help Sa Keggler's Supply is a merchandiser of three different products. The company's February 28...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Help Sa Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 18,000 units; sports equipment, 78,500 units, and apparel, 50,000 units. Management believes each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 28% of the expected unit sales for the following month. Expected sales in units for March April May, and June follow, Footwear Sports equipment Apparel Budgeted sales in Units March April May June 14,500 25,500 33,500 34,000 71,500 90,000 95,000 89,500 41,000 38,000 33,500 24,000 Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March April, and May KEGGLER'S SUPPLY Merchandise Purchases Budget For March, April, and May March April May FOOTWEAR Budgeted sales for next month Ratio of ending Inventory to future sales Required units of available merchandise Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales For March, April, and May March FOOTWEAR April May Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise Budgeted purchases APPAREL Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise Budgeted purchases
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!