Executive officers of Baird Company are wrestling with their budget for the next year. The following are two different sales estimates

provided by two different sources.

Baird's past experience indicates that cost of goods sold is about $65$ percent of sales revenue. The company tries to maintain $15$

percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is

$$33,000.$ Next year's ending inventory is budgeted to be $$34,000.$

Required

a$.$ Prepare an inventory purchases budget using the sales manager's estimate.

b$.$ Prepare an inventory purchases budget using the marketing consultant's estimate.