Zeller Company estimates that 2017 sales will be $43, 200 in quarter 1, $53, 300 in quarter 2, and $58, 400 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 12% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. Desired Ending Finished Goods Inventory Direct Materials Per Unit Required Merchandise Purchases Direct Materials Purchases Total Required Units Beginning Direct Materials Desired Ending Merchandise Inventory Budgeted Cost of Goods Sold Beginning Merchandise Inventory