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*NEED URGENT HELP UPVOTE GUARANTEED* 1. Expected sales: June $611,000; July $646,000. 2. Cost of goods sold is expected to be 55% of sales. 3.

*NEED URGENT HELP UPVOTE GUARANTEED*

1. Expected sales: June $611,000; July $646,000.
2. Cost of goods sold is expected to be 55% of sales.
3. Desired ending merchandise inventory is 30% of the following months cost of goods sold.
4. The beginning inventory at July 1 will be the desired amount.

Calculate the budgeted merchandise purchases for June

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