There is one error on the following Purchases Budget. You can assume all bolded numbers are correct. Using the relationships you know exist on this budget, which number is incorrect? PURCHASES BUDGET June July August September Quarter Budgeted Sales 5.000 12.000 8.000 9,000 29,000 Desired Ending Inventory 3.000 2.000 2.250 2,500 2,500 Units Required 8.000 14,000 10.250 11,500 31.500 1.250 Beginning Inventory Need to Purchase 3,000 11,000 2,000 8,250 2.250 9.250 3,000 28,500 6.750 6 Cost per Unit Total Cost of Purchases $ $ $ 5 6 $ 66.000 $ 65 49.500 5 6 $ 55.500 5 40.500 6 171.000 5 19.125 $ $ 5 $ $ 10.125 $ 30,375$ $ $ 40.500 $ 16,500 $ 49.500 5 $ 66.000 Cash Payments for May Purchases Cash Payments for June Purchases Cash Payments for July Purchases Cash Payments for August Purchases Cash Payments for September Purchases TOTAL CASH PAYMENTS FOR PURCHASES X $ 12,375 $ 37125 $ 49.500 $ 13,875 5 13,875 $ 29.250 5 46,875$ 61.8755 51 000 $ 169.875 Cash payment for sine purchases for the Quarter Desired ending Inventory for the art Beginning inventory for the Quarter Units cuired in June