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btw: the answers i have right now are correct. i just need the remaining Fanning Company selis lamps and other lighting flxtures, The purchasing department
btw: the answers i have right now are correct. i just need the remaining
Fanning Company selis lamps and other lighting flxtures, The purchasing department manager prepared the following inventory purchases budget. Fanning'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 a. Complete the inventory purchases budget by filling in the missing amoums. b. Determine the omount of cost of goods sold the company wilf report on its first quarter pro forms income tatement: c. Determine the amount of ending inventory the company will report on its pra forme balance sheet at the end of the first quarter: Complete this question by entering your answers in the tabs below. Complete the inventory perchsses budget by filing in the missing amounts. Fanning Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Fanning's policy is to mointain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. Aptil's budgeted cost of goods sold is $79,000. Required a. Complete the inventory purchases budget by filling in the missing amounte. b. Determine the amount of cost of goods sold the compony will report on its first quarter pro formb income statement. c. Determine the amount of ending inventory the compony will report on its pro forma balance sheet at the end of the firat quarter. Complete this question by entering your answers in the tabs below. b. Determine the smount of cost of poods sold the company will report on its first quarter pro forma income statement. c. Dotermine the amount of ending liventoey the company will report on its pro forma balance sheet af the end of the first Step by Step Solution
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