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

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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 $390,000
for January, $470,000 for February, $630,000 for March, and $670,000 for April. Shamrock's desired ending inventory
is 50 percent of the following month's cost of goods sold. Cost of goods sold is expected to be 40 percent of sales.
Required:
Compute the required purchases for each month of the first quarter (January through March).
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