ABC company has budgeted the following sales. January $100,000 Sales (on Income statement) February $200,000 Cost of goods sold is 60% of sales and the unit cost is $6 per unit The selling price is $10 per unit In addition to having enough units to meet monthly sales, ABC would like ending inventory to be equal to 20% of the following months sale Inventory at Dec 31 = $6,000 at a cost of $6 per unit How much inventory in dollars should ABC buy in January