Schedule of Required Parchuses. Byron's Clothing Store anticipates sales for the next year a follows: first quarter. $30,000: second quarter. $45.000 third quarter. S60.000: fourth quarter. $80,000, Sales for the first quarter of the following year are expected to total $40,000. The cost of merchandise averages 60 percent of sales. Byron wanis ending inventory each quarter to equal 30 percent of next quarter's expected sales. Prepare a schedule of required purchases for each quarter and for the year.