The vice president of marketing prepared the following forecast for the last quarter. jared Company Sales Forecast For t

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The vice president of marketing prepared the following forecast
for the last quarter.
jared Company
Sales Forecast
For the quarter ended December 31, 2022

Month
October
November December
Units 5,000 6,000
5,500
Sales
Price x
$
20 x
$ 20
x
$ 20
$ 100,000 $ 120,000 $ 110,000
The inventory manager of jared Company estimates that the ending
balance should equal twenty (20) percent of the next month’s sales
requirement.
Assume that there are 1,800 units on hand on September 30.
[2]
Required: Calculate
the purchases (in dollar amounts) for November. Assume that each
unit costs $ 6.00.