Summits Company expects to sell 5,000 units for $180 each for a total of $900,000 in January and 3,500 units for $195 each for a total of $682,500 in February. The company expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,400 units in March for $280 each. Summits' target ending inventory is $15,000 plus 60% of the next month's cost of goods sold. Prepare Summits' inventory, purchases, and cost of goods sold budget for January and February