Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It...

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Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small

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Answer 1

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merchandise budget

Description	January	February	March
Budgeted sales	11700	18800	12800
Desired ending inventory	46700=(18800+12800+15100)	37300=(12800+15100+9400)	32000=(15100+9400+7500)
Total needs	58400	56100	44800
Less beginning inventory	(27000)	(46700)	(37300)
Budgeted purchase unit of sales	31400	9400	7500

Cash payment of tile purchased.

Description	January	February	March
Budgeted purchase unit	31400	9400	7500
Cost per unit	1.00	1.00	1.00
Cash required to make purchases	31400	9400	7500

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Answer 2

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