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Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 19,000 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow July August September Sales (Units) 200,000 310,000 280,000 Purchases (Units) 211,000 307.000 271,000 (1) Prepare the merchandise purchases budget for the months of July, August, and September. WALKER COMPANY Merchandise Purchases Budget For July, August, and September July August September Budgeted ending inventory units 19,000 Required units of available inventory Units to be purchased 211,000 307,000 271,000 August (2) Compute the ratio of ending inventory to the next month's sales. July Budgeted ending inventory units Next month's budgeted sales Ratio of inventory to next month's sales September 19,000 |(3) How many units are budgeted for sale in October? Units budgeted for sale in October