KPLC plans inventory levels (at cost) at the end of each month as follows: May,

Shs275,000; June, Shs220,000; July, Shs270,000 and August, 240,000. Sales are expected to

be June, Shs440,000: July, Shs350,000; August, Shs420,000. Cost of goods sold is 60% of

sales. Purchases in April were Shs250,000; May Shs180,000. Payments for each month's

purchases are made as follows: 10% during that month; 80% the next month and the

final 10% the next month. Prepare budget schedules for June, July and August for

purchases and for disbursement for purchases 10mks