Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 40,000 units Company policy is to end each month with merchandise inventory equal to 20% 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) 200.000 Sle, 280,000 Purchases Units) 222,000 304, 264,000 August September Prepare the merchandise purchases budgets for the months of July, August, and September WALKER COMPANY Merchandise Purchases Budget For July, August and September August 310.000 September 40.000 200.000 Budgeted ending inventory units Budgeted units sales for month Required units of aviatie inwentory Beginning inventory (units) Units to be purchased 1 2 22,000 304.000 264,000