Do Itt Review 13-5 Culver Company estimates that 2017 sales will be $43,100 in quarter 1, $54,900 in quarter 2, and $66,100 in quarter 3, Cost of goods sold is 50% ofsales. Management desires to have ending finished goods inventory equal to 14% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017 CULVER COMPANY Quarter Six Months Click if you would like to Show Work for this question: Open Show Work