P9-63A (similar to) Question Help College Logos buys logo-imprinted merchandise and then sells it to university baokstores. Sales are expected to be $2,005,000 in September, $2,180,000 in Octaber, $2,385,000 in November, and $2,590,000 in December. Colege Logos sets its prices o eam an average 30% gross profit on sales revenue. The company does not want inventory a below 405 000 plus 10% o he next rmonths osto goods sold Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November. College Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November October November Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases