CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 21-20 (Part Level Submission) In May 2017, the budget committee of Grand Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $525,400, July $605,600. 2. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount. (a) Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole dollar, e.g. 5,275.) GRAND STORES Merchandise Purchases Budget Click If you would like to show Work for this question: Onen Show Work LINK TO TEXT Attempts: 0 of 3 used SAVE POR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part ww be available when you complete the part above