Company expects to sell 9 000 units for $ 180 each for a total of $ 1 620 000 in January and 2 500 units for $ 185 each for a total of $ 462 500 in February. The company expects cost of goods sold to an average 60% of sales revenue, and the company expects to sell 4 100 units in March for $ 290 each. Trailer's target ending inventory is $ 18 000 plus 60% of the next month's cost of goods sold. Prepare Trailer's inventory, purchases, and cost of goods sold budget for January and February.

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Trailer Company expects to sell 9.000 units for $180 each for a total of $1,620,000 in January and 2,500 units for $185 each for a total of $462,500 in February. The company expects cost of goods sold to average 60% of sales revenue, and the company expects to sell 4,100 units in March for $290 each. Trailer's target ending inventory is $18,000 plus 60% of the next month's cost of goods sold. Prepare Trailer's inventory, purchases, and cost of goods sold budget for January and February Trailer Company Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 January February Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Enter any number in the edit fields and then click Check