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Save HW 53 1 Munt Company sells tamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget Munor's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold Arl's budgeted cost of goods sold is $1,000 Required a Complete the inventory purchases budget by filing in the missing amounts 1. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement Determine the amount or ending wwentory 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. Red Band Comparte the inventory purchases budget wing the missing amount Inry Purches funt January February March Dura cost of good 58.000 $ 62.000 68.000 9.300 Inventory anded 67.300 8,700 durchases on our $ 58.000 Begande > HW 53 Help Save a 1 Munox Company sets lamps and other lighting fixtures. The purchasing department manager prepared the following inventory Durchases budget. Munoz's policy is to maintain an ending inventory balance equal to 15 percent of the following mont's cost of goods sold. Apri's budgeted cost of goods sold is $21.000 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. GA Hog D and C Determine the amount of cost of goods sold the company will report on its first quarter proforma 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 Cost of goods sold Ending inventory