Sweeney Electronics Sales Budget For the Nine Months Ended September 30 In the past, cost of goods sold has been 75% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $20,000 plus 20% of cost of goods sold for the following quarter. The marketing director expects sales of $200,000 during the fourth quarter. The January 1 inventory was $35,000. Sweeney Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: Cost of Goods Sold, Inventory, and Purchases Budget