Zeller Company estimates that 2017 sales will be $41,300 in quarter 1, $49,900 in quarter 2, and $61,200 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 20% of the next quarters expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. ZELLER COMPANY Merchandise Purchases Budget Quarter il Six Months