Town Logos buys logo$-$imprinted merchandise and then sells it to university bookstores. Sales are expected to be $$2,001,000$ in September, $$2,200,000$ in October, $$2,378,000$ in November, and $$2,590,000$ in December. Town Logos sets its prices to earn an average $40\%$ gross profit on sales revenue. The company does not want inventory to fall below $$420,000$ plus $10\%$ of the next month's cost of goods sold.

Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November.

Town Logos

Cost of Goods Sold, Inventory, and Purchases Budget

For the Months of October and November

$\backslash$table$[[,$October$],[$Cost of goods sold,November$],[$Plus: Desired ending,$],[$inventory$,],[$Total inventory required,$],[$Less: Beginning inventory,$],[$Purchases$,]]$