In September 2016, the budget committee of George Company assembles the following data: 1). Expected Sales October $1,500,000 November 1,800,000 December 1,700,000 (2). Cost of goods sold is expected to be 50% of sales. (3). Desired ending merchandise inventory is 20% of the next month's cost of goods sold. (4). The beginning inventory at October 1 will be the desired amount. How much inventory will George Company purchase for October 2016? o a. $780,000 b. $720,000 c. $180,000 od. $150,000