Seveney, thc. sells tre rims, ths sales budget for the nine months onded September 30,2024 , and additional intormation follow: IIIt (Click the icor to view the budget) (i) (Click the icon to vew addtional information.) Prepare an inventory, purchases, and cost of goods sold budges for each of the first three cuarters of the year. Compule cost of goods sold tor the entire nine-monet period. Sweensy, Inc. tnventary. Purchases, and Cost of Coods sold Budget Nine Months Ended September 30, 2024 More info In the past, cost of goods sold has been 40 0s of sotal sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $30,000 plus tow of cost of goods sold for the following quater. The marketing drector expects sales of $210,000 during the Data table fourth quarter The January 1 inventory was $20,000