Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from bulk discounters and sells the sunglasses in the mall kiosks. Shamrock is in the process of budgeting for the coming year and has projected sales of $480,000 for January, $560,000 for February, $720,000 for March, and $760,000 for April. Shamrocks desired ending inventory is 35 percent of the following months cost of goods sold. Cost of goods sold is expected to be 45 percent of sales.