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Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks...

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Question

Accounting

Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks throughout the Pacific
Northwest. Shamrock is in the process of budgeting for the coming year and has projected sales of $320,000 for January, $400,000
for February, $560,000 for March, and $600,000 for April. Shamrock's desired ending inventory is 30 percent of the following month's
cost of goods sold. Cost of goods sold is expected to be 20 percent of sales.
Required:
Compute the required purchases for each month of the first quarter (January through March).
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