3. Muddy Waters Industries has projected sales of its product for the next 6 months: 300 units 700 units 2s,ooo 1, 100 60 February March April Ma June 1,000 units 900 units 400 units 300 units 36, 000 6, 0oo 12,000 Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April Sanuary Teb Apil CoGS Tolal Tnventery nead Rurchase Nee ded