Outdoorsies sells its rock-climbing shoes worldwide. Outdoorsies expects to sell 4,000 pairs of shoes for $165 each in January, and 4,500 pair of shoes for $215 each in February, Outdoorsies expects cost of goods sold to average 70% of sales revenue and the company expects to sell 4,300 pairs of shoes in March for $220 each. Outdoorsies' target ending inventory is $9.000 plus 50% of next month's cost of goods sold. Use this information and the sales budget to prepare Outdoorsies inventory, purchases, and cost of goods sold budget for January and February (Click the loon to view the sales budget.) Outdoorsies Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Loss: Beginning merchandise inventory Budgeted Purchases i Data Table X Outdoorsies Sales Budget Two Months Ended January 31 and February 28 January February Budgeted pairs of shoes to be sold 4,000 165 $ 4,500 215 Sales price per pair $ $ $ 660,000 $ Total sales 967,500 Print Done