State Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,008,000 in September, $2,190,000 in October, $2,382,000 in November, and $2,500,000 in December. State Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $425,000 plus 15% of the next month's cost of goods sold.

Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November.