s 9A, 98 and 9C are independent questions. The questions have nothing to do with each other. Question 9A (5 marks) ABC Company is a retailer of baseball caps. It is preparing its budget for the months of January and February. It has made the following assumptions: 1) Sales are forecast to be $100,000 for January, $90,000 for February, and $220,000 for March. 2) Cost of goods sold is 40% of sales. 3) Inventory at the end of each month should be 30% of the next month's Cost of goods sold. 4) Inventory at the beginning of January is $2,650. Part 1 How much inventory (in dollars) should ABC Company purchase in January? A) $55,373 B) $52,965 C) $45,743 D) $48,150 E) $67,410 F) $51,039 $38,520 G) Part 2 Part b) How much inventory (in dollars) should ABC Company purchase in February? A) $54,696 B) $56,760 C) $59,340 D) $51,600 E) $72,240 F) $41,280 G) $49,020