Exercise 22-24A Merchandising: Preparation of purchases budgets (for three Walker Company prepares monthly budgets. The current budget plans for a September ending mer units. Company policy is to end each month with merchandise inventory equal to 10% of budgeted Budgeted sales and merchandise purchases for the next three months follow. The company budget October July August September Sales (Units) 190,000 330,000 280,000 Purchases (Units) 204,000 325,000 274,000 Prepare the merchandise purchases budgets for the months of July, August, and September. WALKER COMPANY August September 22,000 Merchandise Purchases Budget For July, August, and September July Budgeted ending inventory units Budgeted units sales for month Required units of available inventory Beginning inventory (units) Units to be purchased 204,000 325,000 274,000