Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 10% 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 21,000 units. The company budgets sales of 190,000 units in October. The merchandise cost per unit is $3. Budgeted sales units Units to purchase July 210,000 220,000 August 310,000 310,000 September 310,000 298,000 Prepare the merchandise purchases budgets for the months of July, August, and September. WALKER COMPANY Merchandise Purchases Budget Next period budgeted sales units Ratio of inventory to future sales ces Total required units Units to purchase Cost per unit Cost of merchandise purchases July August September