Good Morning Sunshine is a wholesaler of coffee makers. In 2012, actual June sales revenue totaled $200,000. July's sales are expected to increase 10% over June's sales. August's sales are expected to increase 15% over July's sales. Prices are set to achieve a 50% gross profit. The company wants to maintain an ending merchandise inventory equal to 15% of the next months cost of goods sold. This requirement was met on July 1st

1) What are the companys budgeted purchases for the month of July?

(round to the nearest dollar and use commas where appropriate)