Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 19,000 units Company policy is to end each month with merchandise inventory equal to 10% 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) 160,000 300,000 290,000 Purchases Units 174,000 299,000 280,000 Prepare the merchandise purchases budgets for the months of July, August, and September WALKER COMPANY Merchandise Purchases Budget For July August, and September July August Budgeted ending inventory units September 19,000 Required units of available inventory Units to be purchased 174,000 299,000 280,000