+ ACC212 Final 57:59 Question 4 of 16 -/4 In June 2020, the following data was prepared by Chuckie Chams Productions for preparing the merchandise purchases budget for the month of July: 1. 2. Expected sales: June $474,000; July $511,000. Cost of goods sold is expected to be 50% of sales. Desired ending merchandise inventory is 30% of the following my The beginning inventory at 1 will be the desired amount. 3. 4. + ACC212 Final 0 57:50 Question 4 of 16 -14 Chuckie Chams Productions Merchandise Purchases Budget For June