Help please!

Rocker

Company expects to sell

7,000

units for

$180

each for a total of

$1,260,000

in

January

and

4,500

units for

$190

each for a total of

$855,000

in

February.

The company expects cost of goods sold to average

60%

of sales revenue, and the company expects to sell

4,300

units in

March

for

$250

each.

Rocker's

target ending inventory is

$20,000

plus

40%

of the next month's cost of goods sold. Prepare

Rocker's

inventory, purchases, and cost of goods sold budget for

January

and

February.

Rocker Company expects to sell 7.000 units for $180 each for a total of $1.260,000 in January and 4,500 units for $190 each for a total of $855,00 60% of sales revenue and the company expects to sell 4,300 units in March for $250 each. Rocker's target ending inventory is $20.000 plus 40% purchases, and cost of goods sold budget for January and February February Rocker Company Inventory, Purchases, and cost of Goods Sold Budget Two months Ended January 31 and February 28 January Cost of goods sold $ 756,000 Plus: Desired ending merchandise inventory Total merchandise Inventory required Less: Beginning merchandise inventory Budgeted purchases