Swifty Company estimates that 2025 sales will be $43,200 in quarter 1, $51.840 in quarter 2, and $62,640 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2025. SWIFTY COMPANY Merchandise Purchases Budget For the Six Months Ending June 30, 2025 Add : Quarter 1 2 Six $