Question: please show all work for question 2 Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales

 please show all work for question 2 Tiger Drug Store carriesa variety of health and beauty aids, including 500-count bottles of vitamins.

The sales budget for vitamins for the first six months of theyear is presented below. Unit Sales Dollar Sales January 190 $1,710 Februaryplease show all work for question 2

Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below. Unit Sales Dollar Sales January 190 $1,710 February 180 1,620 March 200 1,800 April 210 1,890 May 230 2,070 June 220 1,980 The owner of Tiger Drug believes that ending inventories should be sufficient to cover 10 percent of the next month's projected sales. On January 1, 24 bottles of vitamins were in inventory. Required: 1. Prepare a merchandise purchases budget in bottles of vitamins for as many months as you can. Tiger Drug Store Merchandise Purchases Budget February March April 190 180 200 210 May 230 Unit sales Desired EI 18 20 21 23 22 Total needed 208 200 221 233 252 Less: BI 24 18 20 21 23 Unit purchases 184 182 201 212 229 Feedback Check My Work The purchases amount can be determined by considering beginning and ending (desired) inventory amounts. Also, consider expected usage. 2. If vitamins are priced at cost plus 80 percent, what is the dollar cost of purchases for each month of your purchases budget? January February ull March April May Feedback

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!