Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 30,000 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 200,000 units in October Sales (Units) Purchases (Unita) July 180,000 200,250 315,000 300,250 September 270,000 259,500 August Prepare the merchandise purchases budgets for the months of July, August, and September Answer is complete but not entirely correct. WALKER COMPANY Merchandise Purchases Budget For July August, and September July August September Budgeted ending inventory units 31,500 27,000 30,000 Budgeted units sales for month 160,000 e 315,000 270,000 Required units of available inventory 211,500 342.000 300,000 Beginning inventory (units) (18.000) (31,500) (27,000) Units to be purchased 200,250 308.250 259.500