The company desires an ending inventory at the end of each month equal to 30% of the budgeted unit sales for the next month. On December 31, Year 1, the company had $5,000 on hand and April's budgeted COGS is $37,500. Prepare an inventory purchases budget. Jan Feb March Budgeted COGS $50,000 $35,000 $40,000 Desired Ending Inv Total Needed Beg FG Inventory Required Purchases