Lexi Company budgets unit sales of 1,840,000 in April, 1,210,000 in May, 710,000 in June, and 1,170,000 in July. Beginning inventory on April 1 is 552,000 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 Budgeted sales units April 1,840,000 May June 1,210,000 710,000 Add: Desired ending inventory Next period budgeted sales units 1,210,000 710,000 1,170,000 Ratio of inventory to future sales 30% 30% 30% Desired ending inventory units 363,000 213,000 Total required units 2,203,000 1,423,000 351,000 1,061,000 Less: Beginning inventory units 552,000 Units to purchase Cost per unit $ 0.50 $ 0.50 $ 0.50 Cost of merchandise purchases $ 0 $ 0 $ 0