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Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventc purchases budget. Campbell's policy is to maintain an ending

image text in transcribedimage text in transcribed Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventc purchases budget. Campbell's policy is to maintain an ending inventory balance equal to 20 percent of the following month's goods sold. April's budgeted cost of goods sold is $83,000. 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 qua Complete this question by entering your answers in the tabs below. Complete the inventory purchases budget by filling in the missing amounts. Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following invent purchases budget. Campbell's policy is to maintain an ending inventory balance equal to 20 percent of the following month's c goods sold. April's budgeted cost of goods sold is $83,000. 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 qua Complete this question by entering your answers in the tabs below. 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

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