Homework Answers
Solution:
| Tiger Drug Store | |||||
| Merchandise Purchase Budget | |||||
| Particulars | January | February | March | April | May |
| Unit sales | 140 | 130 | 150 | 160 | 180 |
| Desired EI | 13 | 15 | 16 | 18 | 17 |
| Total needed | 153 | 145 | 166 | 178 | 197 |
| Less: BI | 25 | 13 | 15 | 16 | 18 |
| Unit purchases | 128 | 132 | 151 | 162 | 179 |
| Tiger Drug Store | |||||
| Merchandise Purchase Budget | |||||
| Particulars | January | February | March | April | May |
| Units purchases | 128 | 132 | 151 | 162 | 179 |
| Unit cost ($8/160%) | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 |
| Dollar cost of purchases | $640.00 | $660.00 | $755.00 | $810.00 | $895.00 |
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