May Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the year July $82,000 $112.000 August September $85,200 Cost of goods sold is equal to 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the followin June 30 is less than this ideal since it is only $66,690. The company is now preparing a Merchandise Purchases Budget The desired beginning inventory for September is: $142.688 $113,000 $71,994 $88,894 References