Question 2 a. Royal Music Ltd is a merchandising business which sells electronic keyboards. Each month, the company purchases enough keyboards to meet sales operations and maintain the ending inventory at 40 per cent of the projected next month's sales. The average cost of a keyboard is GH500. The firm is expected to follow this policy on July 1. The budgeted sales from July to November are as follows: Jul Aug Sep Oct Nov Budgeted sales in units: 800 900 1,200 1,000 800 Required: Prepare a purchases budget of Royal Music Ltd for July through October. (8 marks)