You are a manager of a local tractor distributor. You currently sell two versions basic and deluxe. The owner has provided you with the following information:

Budgetedsales for each quarter:

1st quarter................................. 395,000

2nd quarter................................ 270,000

3rd quarter................................. 205,000

4th quarter................................. 320,000

% of sales for each model:

Basic 60%

Deluxe 40%

Cost of sales as a % of sales:

Basic 35%

Deluxe 15%

Ending inventory as a % of the next quarter's needs:

Basic 30%

Deluxe 55%

Required: Based on the above information prepare separate purchases budget for the basic and deluxe models.