110. Horizon Audio Systems sells and installs car starter systems The company's sales budget for the fourth quarter is provided below: 4 October November December Budgeted Sales S90,000 S98,000 $104,000 9 You can expect the company's cost of goods sold to be 80% of sales 10 The ending inventory balance each month should be 20% of the next month's cost of goods sold. 11 Based on this information, how much inventory do you need to purchase for November? 12 13