Question 28 . yet and Moto 500 P Flag Quebon In September 2020, the budget committee of Fidelity Company assembled the town de 1. Expected Sales October 100 000 November 420.000 December 450.000 2 Cost of goods sold is expected to be 45% of sales 3. Purchases for October are $180.900 4. Desired ending merchandise inventory is 10% of the need month's cost of goods 20 21 22 sold Instructions Prepare the budgeted income statement for October through gross profton sales, including a cost of goods sold schedule