ban AE WO A Chap 7A 0 Save & E Check 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 an ending inventory balance equal to 20 percent of the following mone's cost of goods sold. Aprils budgeted cost of goods sold is $80,000 Required Complete the inventory purchases budget by Sling in the missing mounts 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. RA Red Band Complete the inventory purchases budget by fing in the missing amounts. Inventory Purchases Budget February March Budgeted cost of goods sold $ 53.000 57.000 63.000 Pus: Der ending inventory 11400 Inventory needed 64400 Lesa: Beginning inventory 10.000 5 53.800 MacBook Air 80 888 F DU DO 2 3 $ 4 % 5 09 & 7 1 0 8 9 - W E R T Y U 0 4 S DF G H