Brooklyn Furniture, a retail store, has an average gross profit ratio of 45%. The sales forecast for the next four months follows: July: $260,000

August: $214,000

September: $305,000

October: $423,000

Management's inventory policy is to have ending inventory equal to 340% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $409,000. Calculate the purchases budget, in dollars, for the months of July and August.