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Keggler's Supply is a merchandiser of three different products. The company's February 28 Inventories are footwear, 19,000 units; sports equipment, 81,500 units; and apparel, 49,000 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 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and May. June Budgeted Sales in Units March April May 15,000 24,500 31,000 34,500 71,500 88,000 95,000 89,500 40,500 37,500 33,000 24,000 FOOTWEAR Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise KEGGLER'S SUPPLY Merchandise Purchases Budget For March, April, and May March Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases Required units of available merchandise APPAREL Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases Required units of available merchandise April May

Keggler's Supply is a merchandiser of three different products. The company's February 28 Inventories are footwear, 19,000 units; sports equipment, 81,500 units; and apparel, 49,000 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 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and May. June Budgeted Sales in Units March April May 15,000 24,500 31,000 34,500 71,500 88,000 95,000 89,500 40,500 37,500 33,000 24,000 FOOTWEAR Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise KEGGLER'S SUPPLY Merchandise Purchases Budget For March, April, and May March Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases Required units of available merchandise APPAREL Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases Required units of available merchandise April May

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 1R: Ranger Industries has provided the following information at June 30: Other information: Average...
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Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19,000 units, sports equipment, 81,500 units; and apparel, 49,000 units. Management belleves each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and May. Budgeted Sales in Units March April May 15,000 24,500 31,000 71,500 88,000 95,000 40,500 37,500 33,000 24,000 FOOTWEAR Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases APPAREL Merchandise Purchases Budget For March, April, and May March Required units of available merchandise KEGGLER'S SUPPLY Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases June 34,500 89,500 Required units of available merchandise April May
Transcribed Image Text:Keggler's Supply is a merchandiser of three different products. The company's February 28 inventories are footwear, 19,000 units, sports equipment, 81,500 units; and apparel, 49,000 units. Management belleves each of these inventories is too high. As a result, a new policy dictates that ending inventory in any month should equal 29% of the expected unit sales for the following month. Expected sales in units for March, April, May, and June follow. Footwear Sports equipment Apparel Required: 1. Prepare a merchandise purchases budget (in units) for each product for each of the months of March, April, and May. Budgeted Sales in Units March April May 15,000 24,500 31,000 71,500 88,000 95,000 40,500 37,500 33,000 24,000 FOOTWEAR Budgeted sales for next month Ratio of ending inventory to future sales Required units of available merchandise Budgeted purchases SPORTS EQUIPMENT Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases APPAREL Merchandise Purchases Budget For March, April, and May March Required units of available merchandise KEGGLER'S SUPPLY Budgeted sales for next month Ratio of ending inventory to future sales Budgeted purchases June 34,500 89,500 Required units of available merchandise April May
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