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need help asap with a) In May 2022, the budget committee of Blue Spruce Stores assembles the following date for preparing the merchandise purchases budget

need help asap with a)

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In May 2022, the budget committee of Blue Spruce Stores assembles the following date for preparing the merchandise purchases budget for the month of June: 1. Expected sales: June $473,000; July $642,000. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following month's cost of goods sold. 4 The beginning inventory at June 1 will be the desired amount. (a) Calculate the budgeted merchandise purchases for June. Budgeted merchandise purchases

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