SALES Each month's sales are biled on the last day of the month Customers are alloweda discount payment s made withen 10 days after the bilng date Recevables are recorded m the accounts at ther gross amounts (not net of discounts) 55% of the bllings are collected wthen the discount petod 30% are collected by the end of the month 9 are collected by the end of the second month and 6% turm out to be uncolectible PURCHASES The marketing. general, and administrative expenses and 60% of all purchases of merchandise are pald in the month purchased, with the remander of merchandse purcheses paid in the following month. The number of units in each months ending inventory is equal to 125% of the next month's sales unts The cost of each unt of inventory N $30 Marketing general and admintstrative expenses, of which $3,000 s depreciation, are equal to 15% of the current months sales Actual and projected sales are as shown below Dollars $472,000 $484,000 $476,000 Units March 11,800 April 12,100 May 11,900 11,400 June $456,000 $480,000 July 12,000 12,200 August $480,000 What are the budgeted merchandise purchases (in dolars) for June? Units Dollars 11,800 12,100 $472,000 $484,000 March April $476,000 11,900 ay $456,000 $480, 000 $480, 000 11,400 June July August 12,000 12, 200 What are the budgeted merchandise purchases (In dollars) for June? Multiple Choice $342.000. $375,000. $319,500. $364,500