More Info In the past, cost of goods sold has been 60% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $20,000 plus 20% of cost of goods sold for the following quarter. The marketing director expects sales of $220,000 during the fourth quarter. The January 1 inventory was $34,400 ood Print Done Data Table Sweeney Electronics Sales Budget For the Nine Months Ended September 30 Quarter Nine-Month Mar 31 Jun 30 Sep 30 Total Cash sales, 30% Credits sales, 70% Total sales, 100% 43,500 $ 101,500 145,000 $ 36,000$ 84,000 51,000$ 119,000 130,500 304,500 435,000 $ . . . . $120,000 $170,000 $ Print Done