edugen wieyplus com Two TV Blackboard campusNet wie Plus Mooraw epage Welcome to MGT 302 Principles of Lebor Kimmel, Accounting, 6e INTRODUCTORY ACCOUNTING I/II Assignment Gradebook Exercise 21-20 In May 2017, the budget committee of Grand stores assembles the rollowing data in preparation of budgeted merchandise purchases for the month of une. 1. Expected sales: June s507,300, July s608,800 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. The beginning inventory at June 1 will be the desired amount. Compute the budgeted merchandse purchases for une. (Round answers to the nearest whole donar 275) Merchandise Purchases Budget