S22A-16 (similar to) Question Heip Trailer Company expects to sell 4,000 units for $200 each for a total of $800,000 in January and 2,000 units for $220 each for a tofal of $440 000 in Fauary The company expects cost of goods sold to average 60% of sales revenue, and the company expects to sea 4 700 units in March for S270 ao h Trailers target on n inventory is S1 2.000 plus 50% of the next month's cost of goods sold Prepare Trailer s inventory purchases, and cost of goods sold budget for January and February Trailer 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 requlred Less: Beginning merchandise inventory Budgeted purchases