Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $439,500 for April and $522,500 for May. Cost of goods sold is expected to be 61% of sales. The companys desired ending inventory is 21% of the following months cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.)

Question 7 Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $439,500 for April and $522,500 for May. Cost of goods sold is expected to be 61% of sales. The company's desired ending inventory 21% of the following month's cost of goods sold. Compute the required purchases for April. (Round intermediate calculations and final answer to 0 decimal places, e.g. 1,255.) Moore Wholesalers Purchases Budget Click if you would like Open Show Work Show Work for this