Executive officers of Jordan 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 Sales manager Marketing consultant First Quarter $382,000 513,000 Second Quarter 5305,000 466,000 Third Quarter $283,000 405,000 Fourth Quarter $483,000 640,000 Jordan's past experience indicates that cost of goods sold is about 65 percent of sales revenue The company tries to maintain 10 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory This year's ending inventory is $32,000 Next year's ending inventory is budgeted to be $33,000. Required o. Prepare an inventory purchases budget using the sales manager's estimate b. Prepare an inventory purchases budget using the marketing consultant's estimate Complete this question by entering your answers in the tabs below. Required A Required Prepare an inventory purchases budget using the sales manager's estimate (Round your final answers to nearest whole dollar amount First Quarter Second Fourth Quarter Third Quarter 3820005 305.000 $ 283 0005 463.000 Total vory needed Products Required > Executive officers of Jordan 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 Sales manager Marketing consultant First Quarter 5382,000 513.000 Second Quarter $385,000 466,000 Third Quarter 5283,000 408,000 Fourth Quarter $483,000 640,000 Jordan's past experience indicates that cost of goods sold is about 65 percent of sales revenue. The company tries to maintain 10 percent of the next quarter's expected cost of goods sold as the current quarter's ending invertory. This year's ending inventory is $32,000. Next year's ending inventory is budgeted to be $33,000 Required a. Prepare an inventary purchases budget using the sales manager's estimate b. Prepare an inventory purchases budget using the marketing consultant's estimate. Complete this question by entering your answers in the tabs below. Required A Required Prepare an inventory purchases budget using the marketing consultant's estimate (Round your final answers to nearest whole dollar amount Flestarter Second Quarter 5 513,000 $ 466.000 5 Sales Third Quarter 400.000 Fourth Quarter 600 000 Total Inventory needed Repurchases