Check my work 2 Budgeted cost of goods sold MPLI $ 64,000 Play $74,000 uuie $84,000 July $90,000 3.33 points Rooney had a beginning inventory balance of $3,900 on April 1 and a beginning balance in accounts payable of $15,500. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. eBook Required Print a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Rooney 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 Rooney will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare an inventory purchases budget for April, May, and June. Inventory Purchases Budget Budgeted cost of goods sold April $ 64,000 $ May June 74,000 $ 84,000 Inventory needed Required purchases (on account) Check my work 2 Budgeted cost of goods sold APLI $64,000 Play $74,000 uuni $ 84,000 July $90,000 3.33 points Rooney had a beginning inventory balance of $3,900 on April 1 and a beginning balance in accounts payable of $15,500. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. eBook Required Print a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Rooney 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 Rooney will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Determine the amount of ending inventory Rooney will report on the end-of-quarter pro forma balance sheet. Ending inventory Check my work 2 Budgeted cost of goods sold mp4 $64,000 may $74,000 uuri $84,000 JULY $90,000 3.33 points Rooney had a beginning inventory balance of $3,900 on April 1 and a beginning balance in accounts payable of $15,500. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. eBook Required Print a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Rooney 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 Rooney will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D d... Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) April May June Schedule of Cash Payments Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory Check my work 2 Budgeted cost of goods sold ALL $64,000 19ay $ 74,000 Uue $84,000 July $90,000 3.33 points Rooney had a beginning inventory balance of $3,900 on April 1 and a beginning balance in accounts payable of $15,500. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. eBook Required Print a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Rooney 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 Rooney will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the balance in accounts payable Rooney will report on the end-of-quarter pro forma balance sheet. Accounts payable