Finch's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $37,000. Next year's ending inventory is budgeted to be $38,000. 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. Required A Required B Prepare an inventory purchases budget using the sales manager's estimate. Note: Round your final answers to nearest whole dollar amount. Sales Total inventory needed Required purchases First Quarter Second Quarter Third Quarter Fourth Quarter $ 384,000 $ 301,000 $ 279,000 $ 472,000 $ 0 0 0 0 0 $ 0 $ 0 $ 0 Required A Required B > Finch's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $37,000. Next year's ending inventory is budgeted to be $38,000. 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. Required A Required B Prepare an inventory purchases budget using the marketing consultant's estimate. Note: Round your final answers to nearest whole dollar amount. Sales Total inventory needed Required purchases First Quarter Second Quarter Third Quarter Fourth Quarter $ 522,000 $ 451,000 $ 400,000 $ 644,000 $ 0 0 0 0 0 $ 0 $ 0 $ 0 < Required A Required B >