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7-33 Purchases Budget Green Lighting Supply plans inventory levels (at cost) at the end of each month as follows: May, $271.000; June. $226,000: July, $209,000;

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7-33 Purchases Budget Green Lighting Supply plans inventory levels (at cost) at the end of each month as follows: May, $271.000; June. $226,000: July, $209,000; and August, $241,000. Sales are expected to be June. $449,000: July, $359.000; and August. $306.000. Cost of goods sold is 65% of sales. Purchases in April were $258.000 and in May they were $188,900. Payments for each month's purchases are made as follows: 15% during that month. 70% the next month, and the final 15% the next month. Prepare budget schedules for June, July, and August for purchases and for disbursements for purchases

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