calculate the budgeted merchandise purchase for june

Attempt in Progress In June 2020, the following data was prepared by Chuckie Chams Productions for preparing the merchandise purchases budget for the month of July: 1. 2. Expected sales: June $556,000; July $596,000. Cost of goods sold is expected to be 55% of sales. Desired ending merchandise inventory is 35% of the following month's cost of goods sold. The beginning inventory at July 1 will be the desired amount. 3. 4. Calculate the budgeted merchandise purchases for June