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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 tiles needed for three monthsâ 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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