Help st 4, Ch 21, 22& 23 6 Big Sound, a merchandising company specializing in home computer speakers, budgets its monthly cost of goods sold to equal 60% of sales. Its inventory policy calls for ending inventory at the end of each month to equal 30% of the next month's budgeted cost of goods sold. All purchases are on credit, and 30% of the purchases in a month is paid for in the same month. Another 30% is paid for during the first month after purchase, and the remaining 40% is paid for in the second month after purchase. The following sales budgets are set: July, $200,000; August, $140,000; September, $170,000; October, $125,000; and November, $115,000. (Hint For part 1, refer to Exhibits 22A.2 and 22A.3 for guidance, but note that budgeted sales are in dollars for this assignment.) 2 the 0 S (48,600)$ the for