Please provide solutions for the following question. Thank you.

Question 10 In June 2020, the following data was prepared by Chuckie Chams Productions for preparing the merchandise purchases budget for the month of July: 1. Expected sales: June $662,000; July $702,000. 2. Cost of goods sold is expected to be 55% of sales. 3. Desired ending merchandise inventory is 35% of the following month's cost of goods sold. 4. The beginning inventory at July 1 will be the desired amount. Calculate the budgeted merchandise purchases for June. Chuckie Chams Productions Merchandise Purchases Budget For June $ 4 4 $Calculate the budgeted merchandise purchases for June. Chuckie Chams Productions Merchandise Purchases Budget For June V LA Desired beginning merchandise inventory Desired ending merchandise inventory Goods available for sale Budgeted cost of goods sold Budgeted merchandise purchases for JuneCalculate the budgeted merchandise purchases for June. Chuckie Chams Productions Merchandise Purchases Budget For June V Add Less $ LA