develop production and cost budgets estimate cash flows 457738

Westile Company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months’ sales. The tiles cost $2 each and must be paid for in cash. The company has 56,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months:

January 24,800

February 35,600

March 26,400

April 28,400

May 19,200

June 14,400

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Required:

Estimate purchases (in units) and cash required to make purchases in January, February, and March.

Westile Company

Merchandise Purchases Budget

For the Period Ended March 31

(in units)

January February March

Units to be purchased ? ? ?

Estimated cost $ ? $ ? $ ?

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