The Seneca Department Store has budgeted the following sales in units for one of its products for the first nine months of 20XI. SENECA DEPARTMENT STORE BUDGETED SALES IN UNITS FOR FIRST NINE MONTHS OF 20X1 50.000 January February March April May 57.000 62,000 68,000 60,000 55,000 80,000 75,000 70.000 June July August September In order to maintain a sufficient safety stock on hand to meet customer demand, the store wants to maintain an ending inventory each month of 30% of the following month's estimated sales in units. This policy has been in effect for the past year. Each unit of inventory sells for $25 and it costs Seneca S15 to purchase. REQUIRED: Using the form attached, prepare a Purchases Budget, in units and dollars, for the first six months of the calendar year. Prepare the budget by month and round all unit amounts to the nearest whole unit and dollar amounts to the nearest whole dollar. SENECA DEPARTMENT STORE PURCHASES BUDGET FOR MONTHS OF JANUARY THROUGH JUNE 20X1 January February March April May June Budgeted Sales in Units Add: Desired Ending Inventory Total Units Required Less: Beginning Inventory Total Units to Purchase Times Purchase Price Per Unit Budgeted Purchases in Dollars