5. need help with correct answers

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,200,000: June $1,550,000; July, $1,400,000; and August $1,600,000 Accounts Merchandise Payable Inventory May 31 $140,000 $230,000 June 30 190,000 300,000 July 31 200,000 200,000 August 32 170,000 310,000 August (1) Compute the budgeted amounts of merchandise purchases Budgeted amounts: June July Ending accounts payable Payments on account Subtotal 0 0 Beginning accounts payable Purchases $ 0 $ 0 0 $ 0 (2) Compute the budgeted amounts of cost of goods sold. Budgeted amounts: June July Beginning inventory Purchases Cost of goods available for sale August August 31 170,000 310,000 (1) Compute the budgeted amounts of merchandise purchases. Budgeted amounts: June July Ending accounts payable Payments on account August Subtotal 0 0 Beginning accounts payable Purchases 0 $ 0 August (2) Compute the budgeted amounts of cost of goods sold. Budgeted amounts: June July Beginning inventory Purchases Cost of goods available for sale Ending inventory (300,000) (200,000) Cost of goods sold (310,000)