In September 2022, the management of Ayayai 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 2,000,000 December 2,600,000 2. Cost of goods sold is expected to be 60% of sales. 3. Desired ending merchandise inventory is 10% of the next month's cost of goods sold. 4. The beginning inventory at October 1 will be the desired amount. Compute the budgeted merchandise purchases for October and November.AYAYAICOMPANY Merchandise Purchases Budget For the Months of October and November, 2022 October November $ $ 69 Beginning Merchandise Inventory Total Budgeted Cost of Goods Sold Required Merchandise Purchases Desired Ending Merchandise Inventory Attempts: 0 of 3 used Submit Answer Ending Merchandise Inventory O Search Wi Fi 6