9.5)

Fillion Company sells its smartphone worldwide. The company expects to sell 4,400 smartphones for $160 each in January and 4,100 smartphones for $195 each in February. All sales are cash only. Fillion expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4,500 smartphones in March for $270 each. Fillion's target ending inventory is $18,000 plus 60% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. 2. 1. Prepare the sales budget for January and February. Fillion Company Sales Budget For the Months Ended January and February January February Total Unit sales (smartphones) Multiply by: Unit selling price Total sales revenue