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Outdoorsies sells its rock-climbing shoes worldwide. Outdoorsies expects to sell 4,500 pairs of shoes for S155 each in January, and 2.500 pairs of shoes for $225 each in February. Outdoorsies expects cost of goods sold to average 50% of sales revenue, and the company expects to sell 4,400 pairs of shoes in March for $210 each. Outdoorsies' target ending inventory is $17.000 plus 40% of next month's cost of goods sold. Use this information and the sales budget to prepare Outdoorsies' inventory, purchases, and cost of goods sold budget for January and February (Click the icon to view the sales budget.) Outdoorsies Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February $ 281,250 Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required 129,500 201.800 483,050 129,500 Less: Beginning merchandise inventory Budgeted Purchases 353,550 Enter any number in the edit fields and then click Check Answer. ? All parts showing Clear All Check