Renovation Lighting Supply plans inventory levels (at cost) at the end of each month as follows: May, $275,000; June, $220,000; July, $200,000; and August, $240,000. 

Sales are expected to be June, $440,000; July, $350,000; and August, $300,000. Cost of goods sold is 60 percent of sales. 

Purchases in April were $250,000; in May, $180,000. Payments for each month’s purchases are made as follows: 10 percent during that month; 80 percent the next month; and the final 10 percent the next month. 

Prepare budget schedules for June, July, and August for purchases and for disbursements for purchases.