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Brian Lee, Coronado & Lee Fabricators' purchasing manager, has just completed the companys inventory purchases budget.
| | | January | | February | | March | | Quarter | |
| Budgeted unit sales | | 20,000 | | 30,000 | | 32,000 | | 82,000 | |
| Budgeted ending inventory | | 9,000 | | 9,600 | | 9,900 | | 9,900 | |
| Budgeted unit cost | | 22.40 | | 22.40 | | 22.40 | | 22.40 | |
Prepare Coronado & Lee's ending inventory and cost of goods sold budget for the first quarter.
| Ending inventory | | $enter the ending inventory in dollars |
| Cost of goods sold | | $enter the cost of goods sold in dollars |
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