View Policies Current Attempt in Progress In May 2022, the budget committee of Bramble Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $610,000, July $732,000. 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 BRAMBLE STORES Merchandise Purchases Budget