May 2017, the budget committee of Pina Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. 2. 3. 4. Expected sales: June $503,900, July $628,000. Cost of goods sold is expected to be 75% of sales. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. The beginning inventory at June 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole dollar, e.g. 5,275.) PINA STORES Merchandise Purchases Budget For the Month Ending June 30, 2017 Budgeted Cost of Goods Sold 377925 Add : Desired Ending Merchandise Inventory ! 141300 519225 Total Less : Beginning Merchandise Inventory Required Merchandise Purchases fou would like to show Work for this question: Open Show Work