please show calculations.

Question 27 of 41 -17 In May 2022, the budget committee of Novak Stores assembles the following data for preparing the merchandise purchases budget for the month of June: 1. Expected sales: June $489,000; July $617,000. 2. 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 $ (a) Calculate the budgeted merchandise purchases for June. Budgeted merchandise purchases $ Save for Later Attempts: 0 of 1 used Subi (b) The parts of this question must be completed in order. This part will be available when you complete the part above