101 3183.00 each in January, and 2.000 pairs of shoes for $220.00 each in February. All sales are cash 2. Mountaineers Inc. expects cost of goods sold to average 75 percent of sales revenue, and the company expects to sell 4,600 pairs of shoes in March for $240.00 each. Mountaineers Inc.'s target ending inventory is $18,000.00 plus 45 percent of the next month's cost of goods sold. Use this information and the sales budget prepared to prepare Mountaineers Inc.'s inventory, purchases, and cost of goods sold budget for January and February. Select the link to access the Budget Preparation rubric