View roce Current Attempt In Progress In May 2019, the budget committee of Crater, Inc assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1 Expected sales: June $750,000, July $900,000. Cost of goods sold is expected to be 80% of sales. 3. Desired ending merchandise inventory is 40% of the following (next) month's cost of goods sold. The beginning inventory at June 1 will be the desired amount. 2 4. (a) Compute the budgeted merchandise purchases for June CRATER, INC Merchandise Purchases Budget For the Month Ending June 30, 2019 Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above