2 20 points Lexi Company budgets unit sales of 1,240,000 in April, 1,210,000 in May, 660,000 in June, and 1,630,000 in July. Beginning inventory on April 1 is 496,000 units, and the company wants to have 40% 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. LEXI COMPANY Merchandise Purchases Budget eBook Budgeted sales units April May June 1,240,000 660,000 1,630,000 References Add: Beginning inventory units Next period budgeted sales units Ratio of inventory to future sales 496,000 40% 40% 40% Desired ending inventory units 496,000 264,000 652,000 Total required units 1,240,000 Less: Beginning inventory units (496,000) Units to purchase 248,000 Cost per unit $ 0.50 $ Cost of merchandise purchases $ 124,000 $ 0.50 $ 0 $ 0.50 0