Good Morning Sunshine is a wholesaler of coffee makers. In 2012, actual June sales revenue totaled $250,000 July's sales are expected to increase 10% over June's sales Augusts sales are expected to increase 15% over July's sales. Prices are set to achieve a 40% gross profit. The company wants to maintain an ending merchandise inventory equal to 15% of the next month's cost of goods sold. This requirement was met on July 1st. The company's budgeted purchases for the month of July are $1 . (round to the nearest dollar)