0 A merchandising company is working on their Inventory Purchase Budget to determine how much inventory will need to be purchased for the month of May. The following information has been gathered for this budget. Prepare an Inventory Purchase Budget for the month of May and for your answer below, enter the dollar value of how much this company would expect in Inventory Purchases for this month. (Round all calculations to a level that makes the most sense for this question. Enter your final answer rounded to the nearest whole dollar/input code: 0) Budgeted Sales April: $20,245 May: $30,000 June: $34,508 Cost of Goods Sold 35% of Sales Inventory requirement End each month with 17% of the following month's budgeted Cost of Goods Sold. (This requirement is expected for both the beginning and end of May.)