TB MC Qu. 8-167 Marty's Merchandise has budgeted sales... Marty's Merchandise has budgeted sales as follows for the second quarter of the year: April $30,000 $60,000 June $50,000 May Cost of goods sold is equal to 70% of sales. The company wants to maintain a monthly ending inventory equal to 120% of the cost of goods sold for the following month. The inventory on March 31 was below this target and was only $22,000. The company is now preparing a Merchandise Purchases Budget for April, May, and June. The desired beginning inventory for June is: TB MC Qu. 8-44 Fiwrt Corporation manufactures and sells stainless steel coffee ... Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three months are as follows: October November December 30,000 36,000 34,000 Budgeted unit sales Fiwrt likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales. How many mugs should Fiwrt plan on producing during the month of November