Campbel Company sells lamps and other lighting fictures. The purchasing department manager prepared the following inventory purchases budget. Campbell's policy is to maintain an ending inverntory balance equal to 20 percent of the following mornth's cost of goods sold. April's budgeted cost of goods sold is $80,000. Required a. Complete the inventory purchases budget by filling in the missing amounts 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. Req A Req B and C Complete the inventory purchases budget by filling in the missing amounts. S 56.000 12.000 88.000 11.200 60,000 $ 66.000 Budgeted cost of goods sold Plus Desired ending inventory Inventory needed Leas Beginning inventory Required purchases (on account) S 56,800 Req B andC > Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Campbell'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 $80,000. Required o. Complete the inventory purchases budget by filling in the missing amounts. 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. Req A Req B and C Determine the amount of cost of goods soldthe company will report on it first quarter proforma income statement Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter bl cost of goods sold e Ending inventory c Req A