Company ABC is a merchandising company that is preparing budgets for the first quarter ending in March 2021 Budgeted Sales data in units sold January February March April 2,000 units 4,000 units 22,000 units 1000 units The selling price is $20 for one unit of product Required: 1. What is the total budgeted sales revenue for the quarter 2. If the cost to purchase each unit of product is $12, what is the total COGS for the quarter 3. If the company has an inventory policy to have a desired ending inventory that is 40% of the next month's sales, what are the Budgete Month of March 4. If the company can purchase its merchandise for $12 per unit and has a policy of paying 50% of its inventory purchases in the month in the following month. How much was budgeted to be paid for inventory in the month of March Question 1 12 points Save Answer Company ABC is a marchandising company that is preparing budgets for the first quarter ending in March 2021 Budgeted Sales data in units sold January March April February 44,000 units 2,000 units 2.000 units 1000 units The selling price is $20 for one unit of product Required: 1. What is the total budgeted sales revenue for the quarter 2. If the cost to purchase each unit of product is $12, what is the to COGS for the quarto 3. If the company has an inventory policy to have a desired ending inventory that is 40% of the next month's sales, what are the Budgeted purchases in units in the Month of March 4. It the company can purchase its merchandise for $12 per unit and has a policy of paying 50% of its inventory purchases in the month of the purchase and the rest in the following month. How much was budgeted to be paid for inventory in the month of March Question 1 of 6 w this response