Problem 14-17 Purchases budget LO 4.5 Brooklyn Furniture, a retail store, has an average gross profit ratio of 44% The sales forecast for the next four months follows July August September 308,000 October $257,000 221,000 400,000 o have endi g inventory equal to 400% of the cost or sales for the Subsequent month, although it is estimated that the cost or i ry at June 30 will Managements in erto y policy $412.000 en Required: Cakulate the purchases budget, in dollars, for the months of July and August July August