Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $450,000 for April and $490,000 for May. Cost of goods sold is expected to be 61% of sales. The company's desired ending inventory is 24% of the following month's cost of goods sold. Compute the required purchases for April. Moore Wholesalers Purchases Budget For the Month of April Budgete 450000 Add Desire 274500 Total Inv 71736 Less B 65880 Required 280356