Brooklyn Furniture, a retail store, has an average gross profit ratio of 47%. The sales forecast for the next four months follows:

July $ 263,000

August 200,000

September 315,000

October 420,000

Management's inventory policy is to have ending inventory equal to 320% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $421,000.

Required: Calculate the purchases budget, in dollars, for the months of July and August.