Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 28,500 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow Sales (Units) 180,000 300,000 320,000 Purchases (Units) 198,000 303,000 300,500 August September (1) Prepare the merchandise purchases budget for the months of July, August, and September WALKER COMPANY Merchandise Purchases Budget For July, August, and September July August September Budgeted ending inventory unit:s 28,500 Required units of available inventory Units to be purchased 198,000 303,000 300,500 (2) Compute the ratio of ending inventory to the next month's sales July August September 28,500 Budgeted ending inventory units Next month's budgeted sales Ratio of inventory to next month's sales (3) How many units are budgeted for sale in October? Units budgeted for sale in October