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Neat Logos buys? logo-imprinted merchandise and then sells it to university bookstores

Accounting

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Neat Logos buys? logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2,002,000 in?September, $ 2,200,000 in? October, $ 2,383,000 in? November, and $ 2,530,000 in December. Neat Logos sets its prices to earn an average 40?% gross profit on sales revenue. The company does not want inventory to fall below $ 445,000 plus 15?% 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.