Budgeting involves computation of budgeted purchase.
Jasper company
Jasper Company projects sales of $230,000 in May, $255,000 in June, $270,000 in July, and $240,000 in August. The dollar value of the company's cost of goods sold is 65% of total sales. The dollar value of its desired ending inventory is 25% of the following month's cost of goods sold.
Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.