Muddy Waters Industries has projected sales of its product for the next 6 months: Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the following month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of text month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April