View Policies Current Attempt in Progress In September 2022, the management of Concord Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November. 1. 2. 3. 4. Expected Sales October November December $1,690,000 2,060,000 2,640,000 Cost of goods sold is expected to be 60% of sales. Desired ending merchandise inventory is 10% of the next month's cost of goods sold. The beginning inventory at October 1 will be the desired amount. Compute the budgeted merchandise purchases for October and November.

Current Attempt in Progress: In September 2022, the management of Concord Company assembles the following data in preparation of budgeted merchandise purchases for the months of October and November. 1. 2. Cost of goods sold is expected to be 60% of sales. 3. Desired ending merchandise inventory is 10% of the next month's cost of goods sold 4. The beginning imventory at October 1 will be the desired amount. Compute the budgeted merchandise purchases for October and November. Compute the budgeted merchandise purchases for October and November