Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 31,500 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 sales of 210,000 units in October. July August September Sales (Units) 190,000 310,000 300,000 Purchases (Units) 208,000 308,500 286,500 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 31,500 Budgeted ending inventory units Required units of available inventory Units to be purchased 208,000 308,500 286,500