Please do not Give image format 10:49 ✓pert.chegg.comFOOTWEARBudgeted sales for next monthRatio of ending inventory to future salesRequired units of available merchandiseBudgeted purchasesSPORTS EQUIPMENTBudgeted sales for next monthRatio of ending inventory to future sales1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and MayKEGGLER'S SUPPLYMerchandise Purchases BudgetFor March April, and MayMarchBudgeted sales for next monthRatio of ending inventory to future salesRequired units of available merchandiseBudgeted purchasesAPPARELBudgeted sales for next monthRatio of ending inventory to future salesShow Transcribed TextRequired units of available merchandiseBudgeted purchases=ĊAprilO3.00KB/S LTEB41+ĊMay2(4) Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19.500 units,sports equipment, 79,000 units, and apparel, 48,000 units. Management believes each of these inventories is too high. As a result, anew policy dictates that ending inventory in any month should equal 30% of the expected unit sales for the following month. Expectedsales in units for March, April, May, and June follow.FootwearSports equipmentApparelBudgeted Sales in UnitsMarch April May15,000 25,000 31,000.69,500 90,500 95,50040,500 37,500 33,500 23,000June36,00089,500

Production budget :— This budget is prepared to estimate the number of units to be produced for the…

Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19,500 units; sports equipment, 79,000 units, and apparel, 48,000 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 30% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Budgeted Sales in Units March April May 15,000 25,000 31,000 69,500 90,500 95,500 40,500 June 36,000 89,500 37,500 33,500 23,000

Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19,500 units; sports equipment, 79,000 units, and apparel, 48,000 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 30% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Budgeted Sales in Units March April May 15,000 25,000 31,000 69,500 90,500 95,500 40,500 June 36,000 89,500 37,500 33,500 23,000

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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