QUESTION #4 Merchandise purchases budget The Snack Shop sells candy for $3 a bag. On May 1st they have 30 bags in stock. Each bag of candy sells for $2 per bag and costs the Snack Shop $1.20. The expected sales during May are 450 bags of candy. June is always a busy month so they need more inventory on hand to start the month and they estimate that they will need 80 bags on hand as of May 31st REQUIRED: Prepare a Merchandise purchases budget to answer the following questions a) What is the number of bags needed to be purchased? b) What is the total cost to purchase the bags