Lexi Company budgets unit sales of 1,660,000 in April 1,280,000 in May, 240,000 in June, and 1.280,000 in July. Beginning inventory on April 1 is 210,000 units, and the company wants to have 30% 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 Budgeted sales units 1,660,000 Less: Beginning inventory units Next period budgeted sales units Ratio of inventory to future sales 30% May 1,280,000 June 240,000 30% 30% Total required units Units to purchase Cost per unit Cost of merchandise purchases $ 0 $ 0 $ 0