Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 28,500 units. Company policy is to end each month with merchandise inventory equal to 15% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 190,000 units in October. July August September Sales (Units) 220,000 320,000 300,000 Purchases (Units) 235,000 317,000 283,500 Prepare the merchandise purchases budgets for the months of July, August, and September. WALKER COMPANY August September 28,500 Merchandise Purchases Budget For July, August, and September July Budgeted ending inventory units Budgeted units sales for month Required units of available inventory Beginning inventory (units) Units to be purchased 235,000 317,000 283,500