Executive officers of Rundie Company are wrestling with their budget for the next year. The following are two dirferent sast esting provided by two difference sources. Rundle's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company uies to maintain 15 percent of the next quarter's expected cost of goods sold as the curtent quanter's ending inventory. This year's ending inventory is $39,000 Next year's ending inventory is budgeted to be $40,000 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. Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget using the marketing consultant's estimate. (Round your final answers to neariest whole dolise amount.] Executlve officers of Rundie Company are wresting with their budget for the next yeac The foliowing are two different sales entimates provided by two difference soutces. Rundie's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The compary tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending invertory. This year's ending inventory is $39,000, Next year's ending inventory is budgeted to be $40,000. 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. Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget using the sales manager's estimate. (Roynd your final answers to nearest whole dolar amount.)