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 Sales (Units) Purchases (Units) 222,000 288,500 269,500 July August September 210,000 290,000 280,000 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 September Budgeted ending inventory units 31,500 Required units of available inventory Units to be purchased 222,000 288,500 269,500