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Bramble Company estimates that 2 0 2 2 sales will be $ 4 8 , 8 0 0 in quarter 1 , $ 5 8

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Bramble Company estimates that 2022 sales will be $48,800 in quarter 1,$58,560 in quarter 2, and $70,760 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold.
Prepare a merchandise purchases budget by quarter for the first 6 months of 2022.
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