Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $450,000 for April and $480,000 for May. Cost of goods sold is expected to be 63% of sales. The company's desired ending inventory is 25% of the following month's cost of goods sold. Compute the required purchases for April. Moore Wholesalers Purchases Budget For the Month oprril 3 Budgeted Cost of Goods Sold 3 $ 283500 Add 3 2 Desired Ending Inventory 3 75,600 Total Inventory Required 3 359,100 {D Less 3 2 Beginninglnventory Required Merchandise Purchases for April 3 $