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QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of...

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QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of 1,480,000 in April, 1,210,000 in May, 980,000 in June, and 1,190,000 in July. Beginning inventory on April 1 is 592,000 units, and the company wants to have 40% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of April, May, and June

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