In September 2022, the budget committee of Sarasota Company assembles the following data: 1. Expected Sales October $1.820,000 November 1.730,000 December 1.590,000 2. 3. Cost of goods sold is expected to be 70% of sales. Desired ending merchandise inventory is 30% of the next month's cost of goods sold The beginning inventory at October 1 will be the desired amount. 4. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. SARASOTACOMPANY Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. SARASOTACOMPANY Budgeted Income Statement V $ $ ( > > Save for later Attempts: 0 of 1 used Submit