expects to sell 4,100 units in March for $290 each. Rocker's target ending inventory is $17,000 plus Rocker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus Desired ending merchandise inventory Total merchandise inventory required Less Beginning merchandise inventory Budgeted purchases S22-14 (similar to) ry expects cost of goods sold to average 70% at sales revenue, n sel 7 00o unts lor $155 each for a total of $1,085,000 in January and 1,500 units for $200 each tor a total of $300 000 in Fbr the company exof aoods sold budgel for January and Febnuary Rocker Company expects to sel 7,000 units for $155 each for a total of $1,085,000 n January a sold Prepare Rockers inventory, purchases and cost of god y is S1 7000 plus 50% of lhe next month's cost ot good 14,100 units in March tor S290 oach Rocker's target ending mverkr Inventory, Purchases, and Cost of Goods Sold Budget