4. Captain Industries has projected sales of its product for the next 6 months:

January 300 units February 700 units March 1,000 units April 900 units May 400 units June 300 units

Each unit is sold at $40 per unit. The cost of goods sold is typically 30% of the following months budgeted sales revenue. Captain tries to maintain a Finished Goods ending inventory equal to the 40% of next months cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April