Brooklyn Fumture, a retail store, has an average gross profit ratio of 44%. The sales forecast for the next four months follows: July August September October S 266,000 213,000 302,000 403,000 Management's inventory policy is to have ending ventory equal to 360% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $408,000 Required: Calculate the purchases bucget, in dollars, for the months of Juty and August. Purchases July August