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 soles of 190,000 units in October Sales (Units) Purchases (Units) July 200,000 218,000 August 320,000 314,000 September 280,000 266,500 Prepare the merchandise purchases budgets for the months of July, August, and September August WALKER COMPANY Merchandise Purchases Budget For July, August, and September July Budgeted ending inventory units 48.000 budgeted units soles for month 200,000 Required units of available inventory 248.000 Beginning inventory tunits) Units to be purchased 218.000 rences September 28.500 200.000 309.500 320,000 48.000 314,000 265.500