Grand Devices Company sells mobile phones worldwide. The company expects to sell 4,700 mobile phones for $175 each in January and 4,100 mobile phones for $205 each i average 60% of sales revenue. The company expects to sell 4,200 mobile phones in March for $240 each. Grand Devices' target ending inventory is $18,000 plus 60% of the 1. Prepare the sales budget for January and February 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. 1. Prepare the sales budget for January and February Grand Devices Company Sales Budget For the Months Ended January and February January February Total Unit sales (mobile phones) Multiply by: Unit selling price Total sales revenue Part 1 of 2 Points: 0 of 11 phones for $175 each in January and 4,100 mobile phones for $205 each in February. All sales are cash only. Grand Devices expects cost of goods sold to 0 each. Grand Devices' target ending inventory is $18,000 plus 60% of the next month's cost of goods sold. nd February