Aretes Company expects to sell 8,000 units for $190 each for a total of $1,520,000 in January and 3,500 units for $200 each for a tot of $700,000 in February. The company expects cost of goods sold to average 50% of sales revenue, and the company expects to se 4,300 units in March for $230 each. Aretes' target ending inventory is $20,000 plus 50% of the next month's cost of goods sold. Prepare Aretes' inventory, purchases, and cost of goods sold budget for January and February