Benson, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June,

and July.

Benson had a beginning inventory balance of $$4,100$ on April $1$ and a beginning balance in accounts payable of $$15,100.$ The company

desires to maintain an ending inventory balance equal to $15$ percent of the next period's cost of goods sold. Benson makes all

purchases on account. The company pays $65$ percent of accounts payable in the month of purchase and the remaining $35$ percent in

the month following purchase.

Required

a$.$ Prepare an inventory purchases budget for April, May, and June.

b$.$ Determine the amount of ending inventory Benson will report on the end$-$of$-$quarter pro forma balance sheet.

c$.$ Prepare a schedule of cash payments for inventory for April, May, and June.

d$.$ Determine the balance in accounts payable Benson will report on the end$-$of$-$quarter pro forma balance sheet.

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Prepare an inventory purchases budget for April, May, and June.