H :wvy run \\ FinJl Exam , .2022, the budget committee of Indigo Company assembles Expected Sales October $1,900,000 November 1,710,000 December 1,590,000 Cost of goods sold is expected to be 70% of sales. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. The beginning inventory at October 1 will be the desired amount. k Prepare the budgeted income statement for October through gross prot on sales, including a cost of goo" . INDIGOCOMPANY Budgeted Income Statement Final Exam Que Question 29 of 35