Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 38,000 un Company policy is to end each month with merchandise inventory equal to 20% of budgeted sales for the following month. Budget 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) 180,000 320,000 290,000 Purchases (Units) 208,000 314,000 270,000 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 September 38,000 Budgeted ending inventory units Required units of available inventory Units to be purchased 208,000 314,000 270,000