URGENT HELP

In June 2020, the following data was prepared by Chuckie Chams Productions for preparing the merchandise purchases budget for the month of July:

1. Expected sales: June $602,000; July $645,000. 2. Cost of goods sold is expected to be 50% of sales. 3. Desired ending merchandise inventory is 35% of the following months cost of goods sold. 4. The beginning inventory at July 1 will be the desired amount.

Calculate the budgeted merchandise purchases for June.

Chuckie Chams Productions Merchandise Purchases Budget For June

$

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$

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$