Current Attempt in Progress In May 2022, the budget committee of Pharoah Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. 2 Expected sales: June $560,000, July $672,000, Cost of goods sold is expected to be 75% of sales. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 3. 4 The beginning inventory at June 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June. PHAROAH STORES Merchandise Purchases Budget (a) Compute the budgeted merchandise purchases for June. PHAROAH STORES Merchandise Purchases Budget $ bo $ Units to Be Produced Required Merchandise Purchases Total Materials Required Beginning Merchandise Inventory Desired Ending Merchandise Inventory Direct Materials Purchases Budgeted Cost of Goods Sold Direct Materials per Unit (b The parts of this question must be completed in order This