Answer:
Budgeted amounts:                 June              July              August
1. Purchases                             $1,480,000   $1,570,000   $1,220,000 
2. Cost of goods sold              $1,240,000   $1,770,000   $1,190,000
Explanation:
The computations are shown below:
1.
Budgeted amounts:                 June              July              August
Ending accounts payable         $130,000    $300,0000    $120,000
Payments on account              $1,500,000  $1,400,000     $1,400,000
Subtotal                                  $1,630,0000 $1,700,000      $1,520,000
Beginning accounts payable  ($150,000)     ($130,000)      $300,000)
Purchases                                $1,480,000   $1,570,000     $1,220,000      
2. 
Budgeted amounts:                 June               July                   August
Beginning inventory                 $260,000      $500,000      $300,000
Purchases                                 $1,480,000   $1,570,000     $1,220,000      
Cost of goods available for sale  $1,740,000 $2,070,000  $1,520,000
Ending inventory                         (500,000)     (300,000)     (330,000)
Cost of goods sold                      $1,240,000   $1,770,000   $1,190,000