adams company sells lamps and other lighting fixtures.

Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Adams's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $79,000 Required . 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. Req A Reg B and C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget January February March Budgeted cost of goods sold $ 57000 561 000 $ 67,000 Plus Desired ending inventory 12,200 Inventory needed 69 200 Loss Beginning inventory 11.400 Required purchases (on account) 5 57.800 Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following i purchases budget . Adams's policy is to maintain an ending inventory balance equal to 20 percent of the following mor goods sold. April's budgeted cost of goods sold is $79,000. 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 fiu Complete this question by entering your answers in the tabs below. Reg A Req Bandc 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. b Cost of goods sold c Ending inventory