In September 2022, the management of Pina Colada Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November. 1. Expected Sales October $1,620,000 November 2,070,000 December 2,720,000 2. Cost of goods sold is expected to be 70% 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. PINA COLADACOMPANY Merchandise Purchases Budget For the Months of October and November, 2022 October $ $ SA $ November