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Saved Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 22.000 units. Company policy is to end each

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Saved Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 22.000 units. Company policy is to end each month with merchandise inventory equal to 10% of budgeted sales for the following month Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 220,000 units in October Sales (Units) Purchases (Units) July 190,eee 202,000 August 310, eee 307,000 September 280,000 274,000 Prepare the merchandise purchases budgets for the months of July, August, and September WALKER COMPANY Merchandise Purchases Budget For July, August, and September July August September 22.000 Budgeted ending inventory units Budgeted units sales for month Required units of available inventory Beginning inventory (units) Units to be purchased 202.000 307.000 274.000

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