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1. 2. Rundle Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Rundle's policy is to maintain
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Rundle Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Rundle's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. Complete this question by entering your answers in the tabs below. Complete the inventory purchases budget by filling in the missing amounts. Complete the inventory purchases budget by filling in the missing amounts. Complete this question by entering your answers in the tabs below. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. The budget director of Heather's Florist has prepared the following sales budget. The company had $210,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts recelvable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Complete the schedule of cash receipts by filing in the missing amounts. Complete the schedule of cash receipts by filling in the missing amounts. a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balanc Complete this question by entering your answers in the tabs below. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet 2.
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