D&J Furniture, a retail store, has an average gross profit ratio of 44%. The sales forecast for the next four months follows: March $252,000 April May June 213,000 323,000 403,000 Management's inventory policy is to have ending inventory equal to 390% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at February 28 will be $404,000 Required: Calculate the purchases budget, in dollars, for the months of March and April. Purchases March April