1 1 Lexi Company budgets unit sales of 1,040,000 in April, 1.220,000 in May, 980,000 in June, and 1,020,000 in July. Beginning inventory on April 1 is 312,000 units, and the company wants to have 30% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June May June LEXI COMPANY Merchandise Purchases Budget April Budgeted sales units Add: Desired ending inventory Next period budgeted sales units Ratio of inventory to future sales Beginning inventory units Total required units Less: Beginning inventory units Units to purchase Cost per unit Cost of merchandise purchases $ 0 $ 0 $ 0