Fillion Company sells mobile phones worldwide. The company expects to sell $4,300$ mobile phones for $$180$ each in January and $3,700$ mobile phones for $$230$ each in February. All sales are cash only. Fillion expects cost of goods sold to average $50\%$ of sales revenue. The company expects to sell $4,300$ mobile phones in March for $$270$ each. Fillion's target ending inventory is $$15,000$ plus $40\%$ of the next month's cost of goods sold.

Prepare the sales budget for January and February.

Prepare the company's cost of goods sold, inventory, and purchases budget for January and February.

Fillion Company

Sales Budget

For the Months Ended January and February

$\backslash$table$[[,,$January,,February,,Total$],[$Unit sales $($mobile phones$),,4,300,,3,700,,],[$Multiply by: Unit selling price,$$,180\mathrm{.}00,$$$,230\mathrm{.}00,,],[$Total sales revenue,$$,774,000,$$$,851,000,$$$,1,625,000$