Please bold finaly answer, Thank you! This is also only one question.

Kevin Montgomery Retall seeks your assistance to develop casti and other budget information for May, June, and July. At Apil 30 , the company had cash of $11,500, accounts recelvable of $461000, inventoties of $470.250, and accounts payable of $157.055. The budget is to be based on the following assumptions: SAIES: Each month's sales are billed on the last day of the month. Customers are allowed a 39 discount if payrent is made within 10 days after the bitting dote. Recelvables are recosded in the accounts at their gross arsoonts (not net of discounts). 55% of the billings are collected within the discount periodi 3085 are. collected by the end of the month; 9% are collected by the end of the second month; and 6% turn out to be whcollectible. PUPCHASES The marketing, genetal, and administrative expenses and 60% of all purchases of merchandlse ate paid in the month purchased, with the remainder of merchandise parchases paid in the following month. The number of units in each month's ending inventory is equal to 125 s of the riextemonthis sales (units) The cost of each unit of inventory is $25. Marketing, general, and administrative expenses. of which $27,000 is deprectation, are equal to 15 sos of the current monthly sales. Actual and projected sales are as shown below: What are the budgeted merchandise purchases (in dollars) for June? Multiple Choice $318,800 $341,000 $374,000 $363.750