Current Attempt in Progress

In May $2022,$ the budget committee of Ivanhoe Stores assembles the following data for preparing the merchandise purchases budget

for the month of June:

Expected sales: June $$457,000$; July $$580,000.$

Cost of goods sold is expected to be $75\%$ of sales.

Desired ending merchandise inventory is $30\%$ of the following month's cost of goods sold.

The beginning inventory at June $1$ will be the desired amount.

$($a$)$

Calculate the budgeted merchandise purchases for June.

Budgeted merchandise purchases $