The manager of MN Company give you the following data to prepare the required purchases for the coming three months 5% coming Estimated sales for January $60,000.00 for the Sales increase by three months Cost of goods sold (CGS) 60%of sales Beginning inventory $10,000.00 Ending inventory equal to month CGS Estimated purchases for March should be between O 1. $33,000.00 and $38,000.00 2. $38,000.00 and $40,000.00 3.$40,000.00 and $40,200.00 4. $42,000.00 and $42,200.00 20% of next Moving to another question will save this response