Packers sells its rock-climbing shoes worldwide Packers expects to sell 9.000 pairs of shoes for $195 each in January, and 5.000 pairs of shoes for $200 each in February Packers expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,000 pairs of shoes in March for $280 each. Packers' target ending inventory is $16,000 plus 60% of next month's cost of goods sold. Use this information and the sales budget to prepare Packers' inventory, purchases, and cost of goods sold budget for January and February