Warm Hands sells its motorcycle gloves worldwide. Warm Hands expects to sell 2,600 pairs of

gloves for $110 each in January and 2,000 pairs of gloves for $130 each in February. All sales

are cash only. Warm Hands expects cost of goods sold to average 65% of sales revenue and the

company expects to sell 3,000 pairs of gloves in March for $150 each. Warm Hands' target

ending inventory is $10,000 plus 50% of the next month's cost of goods sold

Prepare Warm Hands' inventory, purchases, and cost of goods sold budget for January and

February.