April May 20,000 $ 20, 13,100 13.2 ost of goods sold lus: Desired ending merchandise inventory otal merchandise inventory required Less: Beginning merchandise inventory 33, 33,100 13,000 13,1 20,100 $ 20,5 Budgeted Purchases Requirement 3. Prepare Watercooler's selling and administrative expense budget for April and May. Watercooler Office Supply Selling and Administrative Expense Budget April and May, 2018 April May Variable expenses: Fixed expenses: April May 20,000 $ 20, 13,100 13.2 ost of goods sold lus: Desired ending merchandise inventory otal merchandise inventory required Less: Beginning merchandise inventory 33, 33,100 13,000 13,1 20,100 $ 20,5 Budgeted Purchases Requirement 3. Prepare Watercooler's selling and administrative expense budget for April and May. Watercooler Office Supply Selling and Administrative Expense Budget April and May, 2018 April May Variable expenses: Fixed expenses