A little more practice on production budgets... Perry Company

has provided the following information: Month Budgeted Sales March

$$200,000$ April $212,000$ May $204,000$ June $218,000$ July $210,000$ In

addition, the gross profit rate is $40\%$ and the desired inventory

level is $30\%$ of next month's cost of sales. Required: Prepare a

purchases budget for April through June.