Question 25 (4 points) Yesterday Company has a sales budget for next month of $300,000. Cost of goods sold is expected to be 40% of sales. The beginning inventory is $10,000 and an ending inventory of $10,000 is desired. The purchases for next month are OA) $78,000 B) $118,000 C) $120,000 OD) $122,000 Question 27 (3 points) Managers may their budgeted costs or create a budget target that is easier to achieve. their budgeted revenues to A) understate; overstate OB) understate; understate OC) overstate; understate D) overstate; overstate