Lexi Company budgets unit sales of 1,360,000 in April, 1,280,000 in May, 590,000 in June, and 1,900,000 in July. Beginning inventory on April 1 is 544,000 units, and the company wants to have 40% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June. LEXI COMPANY Merchandise Purchases Budget April May June Desired ending inventory units 1,360,000 1,280,000 590,000 Add: Desired ending inventory Next period budgeted sales units 1,280,000 590,000 1,900,000 Ratio of inventory to future sales 40% 40% 40% 512,000 236,000 760,000 Desired ending inventory units Total required units Less: Beginning inventory units Units to purchase Cost per unit $ Cost of merchandise purchases $ 0.50 $ 0 $ 0.50 $ 0.50 0 $