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A tool company plans inventory levels (at cost) at the end of each month are as follows: Cost of goods sold is 65% of sales. Payments for each month's purchase are made respectively (15% during that month, 70% the next month, and the remaining 15% the next month) Prepare budget schedules for June, July, and August for purchases. Prepare budget schedules for June, July, and August for disbursements of purchases