Exercise 21-20 (Part Level Submission) In May 2017, the budget commctee of Grand Stores assembles the tollowing data in preparaion ot budgeted merchandise purchases for the month of June. 1. Expected sales: June 07,3DD, July $608,Blu. 2. Cost of u ods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory 's 30% ofthe folowing (next month's cost of goods sold. 4. The beginning inventory at une 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June. (Round answers to the neorest whole dollar, e.g. 5,275.) GRAND STORES Merchandise Purchases Budget Click if you would like to show work for this question: Open show work empts: o of 3 used SAVE FOR LATER SUEHIT ANSWER The parts of thls question must be compiered in order. This part ww be avalable when you conplste the part above