Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a s

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Midland Company buys tiles and prints different designs on themfor souvenir and gift stores. It buys the tiles from a smallcompany in Europe, so at all times it keeps on hand a stock equalto the tiles needed for three months’ sales. The tiles cost $1.00each and must be paid for in cash. The company has 29,000 tiles instock. Sales estimates, based on contracts received, are as followsfor the next six months:
January 12,400
February 17,400
March 13,300
April 14,400
May 8,800
June 7,800
a. & b. Estimate purchases (in units) and cash required tomake purchases in January, February, and March. a. & b.Estimate purchases (in units) and cash required to make purchasesin January, February, and March.
March