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Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 1 5 % of budgeted unit sales for

Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 15% of
budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning
inventory on July 1 is 25,500 units. The company budgets sales of 180,000 units in October. The merchandise cost per unit is $3.
Prepare the merchandise purchases budgets for the months of July, August, and September.
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