Smth, Inc, sels tire fithe lts sales budpet lor the nine monthu onded September 30: 2024, ahd addfonal inlemston follow. M (Click the icon to viow the budgot) (Click the loon to yew addsonal Intormasion.) Prequre an invenbey, purchases, and cost of goods sold budoct for each of the frut three quanteri of the year. Compsee cost of goods sold for the entere nint-month period. Data table More info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $25,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $230,000 during the fourth quarter. The January 1 inventory was $15,000