Brooklyn Furniture, a retail store, has an average gross profit ratio of 48%. The sales forecast for the next four months follows:

May	$	271,000
June		216,000
July		300,000
August		404,000

Management's inventory policy is to have ending inventory equal to 350% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at April 30 will be $412,000.

Required:

Calculate the purchases budget, in dollars, for the months of May and June.

May purchases:

June purchases: