2 pts Question 7 Crown Corporation, a merchandising company, has prepared the following sales budget: Month Sales in units October 8,000 November 5,200 December 9,000 . The purchase price for each unit is $200. Inventory on hand on October 1 is 2,000 units. Target ending inventories are 20% of the next month's sales. Budgeted cost of purchases for November is: $1,040,000 $1.192,000 5888,000 $1,408,000