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 27,000 units. The company budgets sales of 200,000 units in October. The merchandise cost per unit is $3.

	July	August	September
Budgeted sales units	180,000	300,000	290,000

Prepare the merchandise purchases budgets for the months of July, August, and September.

Check my work 8 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 27,000 units. The company budgets sales of 200,000 units in October. The merchandise cost per unit is $3. 1 points July 180,000 August 300,000 September 290,000 Budgeted sales units Prepare the merchandise purchases budgets for the months of July, August, and September. eBook WALKER COMPANY Merchandise Purchases Budget July August Hint September Print Next period budgeted sales units Ratio of inventory to future sales 0 References Total required units Units to purchase Cost per unit Cost of merchandise purchases