Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bu

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Shamrock Shades operates in mall kiosks throughout thesouthwestern United States. Shamrock purchases sunglasses from bulkdiscounters and sells the sunglasses in the mall kiosks. Shamrockis in the process of budgeting for the coming year and hasprojected sales of $420,000 for January, $500,000 for February,$660,000 for March, and $700,000 for April. Shamrock’s desiredending inventory is 35 percent of the following month’s cost ofgoods sold. Cost of goods sold is expected to be 50 percent ofsales.
Required:
Compute the required purchases for each month of the firstquarter (January–March).