Executive officers of Finch 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	$	384,000		$	307,000		$	286,000		$	484,000
Marketing consultant		523,000			453,000			400,000			657,000

Finchs past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 10 percent of the next quarters expected cost of goods sold as the current quarters ending inventory. This years ending inventory is $38,000. Next years ending inventory is budgeted to be $39,000.

Required

Prepare an inventory purchases budget using the sales managers estimate.

Prepare an inventory purchases budget using the marketing consultants estimate.

Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole dollar amount.) Prepare an inventory purchases budget using the marketing consultant's estimate. (Round your final answers to nearest whole dollar amount.)