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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 27,000 units. The company budgets sales of 190,000 units in October. The merchandise cost per unit is $3.
\table[[,July,August,September],[Budgeted sales units,180,000,300,000,310,000],[Units to purchase,198,000,301,500,292,000]]
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Prepare the merchandise purchases budgets for the months of July, August, and September.
\table[[WALKER COMPANY,,,],[Merchandise Purchases Budget,,,],[Sudgeted sales units,July,August,September],[Add: Desired ending inventory,3,,],[Next period budgeted sales units,,,],[Ratio of inventory to future sales,,,],[Desired ending inventory units,,,],[Total required units,,,],[Less: Beginning inventory units,,,],[Units to purchase,,,],[Cost per unit,,,],[Cost of merchandise purchases,,,]]
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