In June 2020, the following data was prepared by Chuckie Chams Productions for preparing the merchandise purchases budget for the month of July:

1.		Expected sales: June $644,000; July $679,000.
2.		Cost of goods sold is expected to be 50% of sales.
3.		Desired ending merchandise inventory is 35% of the following months cost of goods sold.
4.		The beginning inventory at July 1 will be the desired amount.

Calculate the budgeted merchandise purchases for June.