Rocker Company expects to sell 7,500 units for $150 each for a total of 51,125.000 in January and 2.300 units for $215 each for a total of $494,500 in February. The company expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,600 units in March for $280 each Rocker's target ending inventory is $18,000 plus 60% of the next month's cost of goods sold. Prepare Rocker's inventory purchases, and cost of goods sold budget for January and February Rocker Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise Inventory Budgeted purchases