George Corporation prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the fourth quarter of $2020$ :

a$.$ As of September $30,2020($the end of the prior quarter$),$ the company's general ledger showed the following account balances:

b$.$ At the end of each month, inventory is to be on hand equal to $55$ percent of the following month's sales needs, stated at cost$.$

c$.$ Sixty percent of a month's inventory purchases are paid for in the month of purchase; the rest is paid for in the following month.

d$.$ Sales are $25$ percent for cash and the rest on account. All sales on account are collected the month following sale. The accounts receivable on September $30$ are a result of September credit sales.

e$.$ The company's gross profit rate is $42$ percent of sales.

f$.$ Actual sales for September and budgeted sales for the next four months are as follows:

$\backslash$table$[[$September $2020,$$$180,000$