1. 2. 3. 4. Expected sales: June $507,300, July $608,800. Cost of goods sold is expected to be 75% of sales. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sol The beginning inventory at June 1 will be the desired amount. Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole d GRAND STORES Merchandise Purchases Budget For the Month Ending June 30, 2017 Y if you would like to Show Work for this question: Open Show Work