Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:

Budgeted Unit Sales: 36,000(Q1) 56,000(Q2) 28,000(Q3) 56,000(Q4)

Each T-shirt is expected to sell for $11. The purchasing manager buys the T-shirts for $4 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 21 percent of the next quarters sales demand. Selling and administrative expenses are budgeted at $72,000 per quarter plus 10 percent of total sales revenue.

1) Determine budgeted cost of merchandise purchased for each quarter.

2) Determine budgeted cost of good sold for each quarter.

*I have people telling me that I'm missing some information. The information above is the only information that i was provided.