PURCHASES BUDGET: Balmforth Products, Inc. sells a product called a Bik. Budgeted Sales of Biks for the next five months is as follows: The company wants to maintain monthly ending inventories of Biks equal to 20% of the following month's production needs. Balmforth sells Biks for $5.00 per unit. The cost of sales is 60% of sales price (or $3.00 per unit). The company wants to prepare a Merchandise Purchases Budget. REQUIRED: Compute the cost of Biks to be purchased in April and May