Great Logos buys logo-imprinted merchandise and then sells & to university bookstores Sales are expected to be $2,000,000 in September, $2,720,000 in October $2.382,000 in November, and $2.560,000 in December. Great Logos sets es prices to nam an average 40% gross profit on sales revenue. The company does not want inventory to bed below $405,000 pkes 15% of the next month's cost of goods sold Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November Great Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November Cost of goods sold Plus Deionding inventory Total inventory required. Less: Beginning Inventory Purchases October November CITO