In September 2019, the management of Rye Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November. 1. Expected Sales October $1,500,000 November 2,100,000 December 2,700,000 2. Cost of goods sold is expected to be 70% of sales. 3. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. 4. The beginning inventory at October 1 will be the desired amount. Instructions Compute the budgeted merchandise purchases for October and November. Use a columnar format with separate columns for each month.