Mary Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $496,000 for April and $595,200 for May. Cost of goods sold is expected to be 65% of sales. The company's desired ending inventory is 20% of the following month's cost of goods sold. Compute the required purchases for April. MaryWholesalers Purchases Budget For the Month of April Budgeted Cost of Goods Sold Add : Desired Ending Inventory Total Inventory Required Less Beginning Inventory 322400 71424 393824 (59520) Required Merchandise Purchases for April $ 334304