K ces Problem 14-19 (Algo) Purchases budget LO 14-4, 14-5 D&J Furniture, a retail store, has an average gross profit ratio of 46%. The sales forecast for the next four months follows: March April May June $264,000 216,000 318,000 404,000 Management's inventory policy is to have ending Inventory equal to 310 % of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at February 28 will be $411,000. Required: Calculate the purchases budget, in dollars, for the months of March and April. Purchases March April