Check my work Keggler's Supply is a merchandiser of three different products. The company's February 28...

Transcribed Image Text:

Check my work Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 18,000 units; sports equipment, 80,500 units; and apparel, 48,500 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 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Budgeted Sales in Units Footwear Sports equipment Apparel Required: March 14,500 April May June 23,000 31,000 36,500 69,000 91,000 94,500 90,500 40,500 38,000 33,000 23,000 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and 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 KEGGLER'S SUPPLY Merchandise Purchases Budget For March, April, and May March April May < Prev 9 of 12 Next > Check my work Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 18,000 units; sports equipment, 80,500 units; and apparel, 48,500 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 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Budgeted Sales in Units Footwear Sports equipment Apparel Required: March 14,500 April May June 23,000 31,000 36,500 69,000 91,000 94,500 90,500 40,500 38,000 33,000 23,000 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and 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 KEGGLER'S SUPPLY Merchandise Purchases Budget For March, April, and May March April May < Prev 9 of 12 Next >

Answer rating: 100% (QA)

Answer To prepare the merchandise purchases budget for each product for the months of March April an... View the full answer