Oakley Wholesale Hardware and Supplies $($OWHS$)$ sells tools, lumber, and other remodeling supplies to commercial contractors. The company controller is compiling cash and other budget information for the third quarter $($July$,$ August, and September$).$ On June $30,$ the company had inventories of $$462,500.$

OWHS sells a wide variety of products, but for budgeting and inventory planning purposes, the company has developed a standard "unit" of inventory that reflects roughly the mix and purchase costs of the items found in i$9$nventory and expected sales volume. The inventory value of $$462,500$ reported above is based on these inventory units. Each inventory unit is assumed to have a purchase price from vendors for planning purposes of $$25.$ This number is not expected to change in the next three months.

The budget is based on the following assumptions:

Each month's sales are billed on the last day of the month

Customers are allowed a $3\%$ discount if payment is made within $10$ days after the billing date. Receivables are recorded in the accounts at their gross amounts.

The billings are collected as follows: $75\%$ within the discount period, $15\%$ by the end of the month, and $8\%$ by the end of the following month. $2\%$ is uncollectible.

Purchase data follows:

For both purchases of inventory merchandise and selling, general, and administrative expenses, $70\%$ is paid in the month purchased and the remainder in the following month.

The number of units in each month's ending inventory equals $90\%$ of the next month's units of sales.

Selling, general, and administrative expenses, of which $$8000$ is depreciation, equal $20\%$ of the current month's sales.

Actual projected sales:

May: $17,700$ units, $$675,400$

June: $18,100$ units, $$690,800$

July: $17,900$ units, $$680,200$

August: $17,100$ units, $$649,800$

September: $18,000$ units, $$684,000$

October: $18,300$ units, $$695,400$

Compute:

Budgeted inventory purchases $($dollars$)$ for July

Budgeted inventory purchases $($dollars$)$ for August

Budgeted cash collections for July

Budgeted cash collections for August

Budgeted number of units of inventory to be purchased during September