ces Lexi Company budgets unit sales of 1,400,000 in April, 1,250,000 in May, 620,000 in June, and 1,940,000 in July. Beginning inventory on April 1 is 560,000 units, and the company wants to have 40% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June. LEXI COMPANY Merchandise Purchases Budget Budgeted sales units April May June 1,400,000 1,250,000 620,000 Add Desired ending inventory Next period budgeted sales units 40% 40% 40% Ratio of inventory to future sales Desired ending inventory units Total required units Less: Beginning inventory units Units to purchase Cost per unit Cost of merchandise purchases $ 05 0 $