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In September 2022. the management of Flint Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November.

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In September 2022. the management of Flint Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November. 1. 2 Cost of goods sold is expected to be 60% of sales. 3. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. 4. The beginning inventory at Octaber 1 will be the desired amount. Compute the budgeted merchandise purchases for October and November

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