ercise Score: 0 of 1 pt Assignment Score: 20% (1 of 5 pts) 1 of 5 complete Rocke

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ercise Score: 0 of 1 pt Assignment Score: 20% (1 of 5 pts) 1 of 5 complete Rockers sells its rock-climbing shoes worldwide. Rockers expects to sell 6,500 pairs of shoes for $150 each in January, and 3,200 pairs of shoes for $225 each in February. Rockers expects cost of goods sold to average 70% of sales revenue and the company expects to sell 4.700 pairs of shoes in March for $280 each. Rockers target ending inventory is $15,000 plus 60% of next month's cost of goods sold. Use this information and the sales budget to prepare Rockers' inventory, purchases, and cost of goods sold budget for January and February (Click the icon to view the sales budget.) Data Table Rockers Inventory, Purchases, and Cost of Goods Sold Budget Two months Ended January 31 and February 28 Rockers Sales Budget Two Months Ended January 31 and February 28 January February January February Cost of goods sold Plus: Desired ending merchandise invento Total merchandise inventory required Less: Beginning merchandise inventory Budgeted Purchases Budgeted pairs of shoes to be sold Sales price per pair Total sales 3,200 225 $975,000 $ 720,000 6,500 150 S Print Done

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ercise Score: 0 of 1 pt Assignment Score: 20% (1 of 5 pts) 1 of 5 complete Rocke

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