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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 company in Europe, so at all times it keeps on hand a stock equal to the

Midland Company buys 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 $0.75 each and must be paid for in cash. The company has 29,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months: January 12,300 February 17,100 March 13,000 April 14,800 May 9,300 June 6,800

Required: a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March.

  January February March
Units to be Purchased ????? ????? ?????
Estimated Cost ????? ????? ?????

Jun 27 2021 View more View Less

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