Executive officers of Benson Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources:

Source of Estimate	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Sales manager	$	389,000		$	315,000		$	280,000		$	471,000
Marketing consultant		516,000			457,000			406,000			649,000

Bensons past experience indicates that cost of goods sold is about 55 percent of sales revenue. The company tries to maintain 15 percent of the next quarters expected cost of goods sold as the current quarters ending inventory. This years ending inventory is $31,000. Next years ending inventory is budgeted to be $32,000.

Required

Prepare an inventory purchases budget using the sales managers estimate.

Prepare an inventory purchases budget using the marketing consultants estimate.