Brooklyn Furniture, a retail store, has an average gross profit ratio of 46%. The sales forecast for the next four months follows:

Management's inventory policy is to have ending inventory equal to 300% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $410,000.
Required:
Calculate the purchases budget, in dollars, for the months of July and August?

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July August September October $250,000 220,000 310,000 400,000