Mountaineer Company expects to sell 8,500 units for $165 each for a total of $ 1,402,500 in January and 2,800 units for $ 185 each for a total of $ 518,000 in February. The company expects cost of goods sold to average 70?% of sales? revenue, and the company expects to sell 4,300 units in March for $280 each. Mountaineer?'s target ending inventory is $ 16,000 plus 40?% of the next? month's cost of goods sold. Prepare Mountaineer?'s ?inventory, purchases, and cost of goods sold budget for January and February.

costs of goods sold

plus: desired ending merchandise inventory

total merchandise inventory required

less:begining merchandise inventory

budgeted purchases