Chec Lexi Company forecasts unit sales of 1,910,000 in April, 1,240,000 in May, 320,000 in June, and 1,220,000 in July. Beginning inventory on April 1 is 320,000 units, and the company wants to have 30% of next month's sales in Inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June. LEXI COMPANY Merchandise Purchases Budget For April, May, and June April Next month's budgeted sales (units) 1.240,000 Ratio of inventory to future sales 30% Budgeted ending inventory (units) 372,000 Budgeted units sales for month 1,910,000 Required units of available inventory 2,282,000 Beginning inventory (units) Units to be purchased May 320,000 30% 96,000 1.240,000 1,336,000 372,000 964.000 June 1,220,000 30% 366,000 320,000 686,000 96,000 590,000 search