Current Attempt in Progress In May 2022, the budget committee of Swifty Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1 Expected sales: June $540,000, July $648,000. 2 Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June SWIFTY STORES Merchandise Purchases Budget Says For Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2