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 31,500 units. The company budgets sales of 180,000 units in October. The merchandise cost per unit is $2 Budgeted sales units July 210,000 August 330,000 September 310,000 Prepare the merchandise purchases budgets for the months of July, August, and September WALKER COMPANY Merchandise Purchases Budget July August 210,000 330,000 September 310,000 ses Budgeted sales units Add: Desired ending inventory Next period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less: Beginning inventory units Cost per unit Cost of merchandise purchases 0 0