Quinn Company sells mobile phones worldwide. The company expects to sell 4,500 mobile phones for $160...

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Quinn Company sells mobile phones worldwide. The company expects to sell 4,500 mobile phones for $160 each in January and 4,200 mobile phones for $195 each in February. All sales are cash only. Quinn expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4,500 mobile phones in March for $250 each. Quinn's target ending inventory is $10,000 plus 50% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. 1. Prepare the sales budget for January and February. Quinn Company Sales Budget For the Months Ended January and February Unit sales (mobile phones) Multiply by: Unit selling price Total sales revenue January February Total ... Quinn Company sells mobile phones worldwide. The company expects to sell 4,500 mobile phones for $160 each in January and 4,200 mobile phones for $195 each in February. All sales are cash only. Quinn expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4,500 mobile phones in March for $250 each. Quinn's target ending inventory is $10,000 plus 50% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. 1. Prepare the sales budget for January and February. Quinn Company Sales Budget For the Months Ended January and February Unit sales (mobile phones) Multiply by: Unit selling price Total sales revenue January February Total ...