28 Santember 2012, the budget committee of Fidelity Company assembled the following data: 1 Epub Sales $400,000 420,000 October Novende December 450,000 2 Costol goods sold is expected to be 45% of sales. 3 Purchases for October are $100,900. 4 Desred ending merchandise inventory is 10% of the next month's cost of goods sold Instructions Pippare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. 1 A BIO O in