Please do not give solution in image format thanku Keggler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 19.500 units, sports gear,81,000 units, and apparel, 49.000 units. Management believes each of these inventories is too high and begins a new policy thatending inventory in any month should equal 31% of the budgeted sales units for the following month. Budgeted sales units for March.April May, and June follow.FootwearSports gearApparelFOOTWEARRequired:1. Prepare a merchandise purchases budget (in units only) for each product for each of the months of March, April, and May.Total required unitsAdd: Desired ending inventoryNext period budgeted sales unitsRatio of ending inventory to future salesUnits to purchaseSPORTS GEARBudgeted Sales in UnitsMarch April May14,500 25,500 31,00070,000 89,000 94,50040,50038,500 33,500Add: Desired ending inventoryNeod period budgeted sales unitsRatio of ending inventory to future salesTotal required unitsUnits to purchaseAPPARELKEGGLER'S SUPPLYMerchandise Purchases BudgetMarchAdd Desired ending invertoryNext period budgeted sales unitsRatio of ending inventory to ture salesTotal required unitsJune34,00091,00022,000Units to purchaseApril0May

The budget provides valuable information that can aid decision-making. By analyzing the budget, a…

Keggler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 19.500 units, sports gear, 81,000 units and apparel, 49,000 units. Management believes each of these inventories is too high and begins a new policy that ending inventory in any month should equal 31% of the budgeted sales units for the following month. Budgeted sales units for March. April, May, and June follow. Footwear Sports gear Apparel Required: 1. Prepare a merchandise purchases budget (in units only) for each product for each of the months of March, April, and May. FOOTWEAR Budgeted Sales in Units March April May June 14,500 25,500 31,000 34,000 70,000 89,000 94,500 91,000 40,500 38,500 33,500 22,000 Total required units Units to purchase Add: Desired ending invertory Next period budgeted sales units Ratio of ending inventory to future sales SPORTS GEAR KEGGLER'S SUPPLY Merchandise Purchases Budget March Add: Desired ending inventory Ned period budgeted sales units Rato of ending inventory to future sales April May

Keggler's Supply is a merchandiser of three different products. Beginning inventories for March are footwear, 19.500 units, sports gear, 81,000 units and apparel, 49,000 units. Management believes each of these inventories is too high and begins a new policy that ending inventory in any month should equal 31% of the budgeted sales units for the following month. Budgeted sales units for March. April, May, and June follow. Footwear Sports gear Apparel Required: 1. Prepare a merchandise purchases budget (in units only) for each product for each of the months of March, April, and May. FOOTWEAR Budgeted Sales in Units March April May June 14,500 25,500 31,000 34,000 70,000 89,000 94,500 91,000 40,500 38,500 33,500 22,000 Total required units Units to purchase Add: Desired ending invertory Next period budgeted sales units Ratio of ending inventory to future sales SPORTS GEAR KEGGLER'S SUPPLY Merchandise Purchases Budget March Add: Desired ending inventory Ned period budgeted sales units Rato of ending inventory to future sales April May

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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