Homewor Chapter University Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,001,000 in September, $2,230,000 in Octob gross profit on sales revenue. The company does not want inventory to fall below $420,000 plus 20% 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 University Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November Cost of goods sold Plus: Desired ending Inventory Total Inventory required Less: Beginning inventory Purchases October November On 10, P9-69A (similar to) HW Score: 68%, 17 of 25 points Points: 0 of 3 Save 00 in September, $2,230,000 in October, $2,384,000 in November, and $2,520,000 in December. University Logos sets its prices to eam an average 30% of goods sold