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Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks throughout...

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Accounting

Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks throughout the Pacific Northwest. Shamrock is in the process of budgeting for the coming year and has projected sales of $500,000 for January, $580,000 for February, $740,000 for March, and $780,000 for April. Shamrocks desired ending inventory is 45 percent of the following months cost of goods sold. Cost of goods sold is expected to be 50 percent of sales.
Required:
Compute the required purchases for each month of the first quarter (January through March).

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