Do Tt Review 22-05 Orole Company estimates that 2020 sales will be $40,500 in quarter 1, $52,000 in quarter 2, and $59,100 in quarter 3. Cost of goods sold is 50% of sales, Management desires to have ending finished goods inventory equal to 20% of the next quarter's expected cost of goods sold Prepare a merchandise purchases budget by quarter for the first 6 months of 2020 ORIOLE COMPANY Merchandise Purchases Budget Quarter Six Months