In May $2022,$ the budget committee of Metlock Stores assembles the following data for prepari for the month of June:

Expected sales: June $$528,000$; July $$603,000.$

Cost of goods sold is expected to be $75\%$ of sales.

Desired ending merchandise inventory is $30\%$ of the following month's cost of goods sold.

The beginning inventory at June $1$ will be the desired amount.

METLOCKSTORES Budgeted Income Statement For the Month Ending June $30,2022$

Sales

$

$528000$