Techno Company sells mobile phones worldwide. The company expects to sell 4.100 mobile phones for $175 each in January and 3,000 mobile phones for $195 each in February. All sales are cash only Techno expects cost of goods sold to average 60% of sales revenue. The company expects to sell 4,000 mobile phones in March for $300 each. Techno's targetending inventory is $10,000 plus 60% of the next month's cost of goods sold 1. Prepare the sales budget for January and February 2 Prepare the company's cost of goods sold, inventory, and purchases budget for January and February February 421200 For the Months Ended January and February January Cost of goods sold 430600 Plus Desired ending inventory Total inventory required Less: Beginning inventory Purchases