Question 2 of 7 -/1 View Policies Current Attempt in Progress Blue Company estimates that 2017 sales will be $46,100 in quarter 1, $55,600 in quarter 2, and $59,600 in quarter 3. Cost of goods sold is 50% of sales, Management desires to have ending finished goods inventory equal to 22% of the next quarter's expected cost of goods sold Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. BLUE COMPANY Merchandise Purchases Budget Quarter 1 2 > $ e Textbook and Media Blue Company estimates that 2017 sales will be $46,100 in quarter 1.555,600 in quarter 2. and $59.600 in quarter 3. Cost of goods sold is 50% of sales Management desires to have ending finished goods inventory equal to 22% of the next quarter's expected cost of goods sold Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. BLUE COMPANY Merchandise Purchases Budget Quarter 2 Six Months $ $ $ $ $ e Teythank and Media