Question 3 of 3 i 19 EE View Policies Current Attempt in Progress In Mag.r 2020r the budget committee of Big Jim Stores assembles the following data for preparing the merchandise purchases budget for the month of June: 1. Expected sales: June $548,000: Julianr $560,000. 2. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following months cost of goods sold. 4. The beginning inventory.r at June 1 will be the desired amount. Calculate the budgeted merchandise purchases for June. Budgeted merchandise purchases 35 eTextbook and Media no Question 3 of 3