Tulloch Company sells mobile phones worldwide. The company expects to sell 4,000 mobile phones for $180 each in January and 3,600 mobile phones for $210 each in February. All sales are cash only. Tulloch expects cost of goods sold to average 70% of sales revenue. The company expects to sell 4700 mobile phones in March for $270 each. Tulloch's target ending inventory is $14,000 plus 50% of the next month's cost of goods ezelei. 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. 1. Prepare the sales budget for January and February Tulloch Company Sales Budget For the Months Ended January and February January February Total Unit sales (mobile phones) Multiply by: Unit selling price Total sales revenue