Baker Inc prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 42,000 units. Company policy is to end each month with merchandise inventory equal to 20% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 210,000 units in October July Sales (Units) 219,800 300,000 280,000 August September Purchases (Units) 228,000 296,000 266,000 Prepare the merchandise purchases budgets for the months of July, August, and September. Baker Inc Merchandise Purchases Budget For July, August, and September July Budgeted ending inventory units Budgeted units sales for month 210,000 Required units of available inventory + August September 42.000 280 000 322,000 300,000 228.000 Units to be purchased 268.000 296,000