answer the following parts of the question
Big Sound, a merchandising company specializing in home computer speakers, budgets its monthly cost of goods sold to equal 60% of sales. Its inventory policy calls for ending inventory at the end of each month to equal 30% of the next month's budgeted cost of goods sold. All purchases are on credit, and 30% of the purchases in a month is paid for in the same month. Another 20% is paid for during the first month after purchase, and the remaining 50% is paid for in the second month after purchase. The following sales budgets are set July, $200,000, August $140,000, September, $170,000; October $125,000; and November $115,000. (Hint For part 1. refer to Exhibits 20A.2 and 20A 3 for guidance, but note that budgeted sales are in dollars for this assignment.) October November (1) Compute the budgeted merchandise purchases for July August, September, and October July August September Budgeled ending inventory Cost of goods sold (estimated) Required available inventory Budgeted beginning inventory Required purchases $ OS OS os 10 October After October 2) Compute the budgeted payments on counts payable for September and October Purchases paid in Purchases August September July purchases August purchases Sumber purchases Occor purchases 0 3) Computer budgeted ending balances of accounts payable for September and October Amount paid Purchases unpaid as of of September Berbero Required purchases Us October After October (2) Compute the budgeted payments on accounts payable for September and October. Purchases paldin Purchases August September July purchases August purchases September purchases October purchases O (3) Compute the budgeted ending balances of accounts payable for September and October Amount unpaid September % unpaid as of Purchases as of September September 30 30 July purchases August purchases September purchases September 30 budgeted accounts payable % unpaid as of Purchases Amount unpaid October October 31 as of October 31 July purchases August purchases September purchases October purchases 0 October 31 budgeted accounts payable