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State Logos buys logo-imprinted merchandise and then sells it to university bookstores Sales are expected to be $2,000,000 in September, $2 250 000 in October $2,381 000 in November , and 52 580,000 in December Stato Logos sots its prices to earn an average 40% gross profit on sales revenue. The company does not want inventory to tail below $430,000 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 State Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November October November Cost of goods sold Plus: Desired ending Inventory Total inventory required Less: Beginning inventory Purchases