Check my work 5 Zachary, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July 2 points Budgeted cost of goods sold April $67,000 May $77,000 June $87,000 July $93,800 Skipped Zachary had a beginning inventory balance of $3,300 on April 1 and a beginning balance in accounts payable of $14,300. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Zachary makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 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 Zachary 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 Zachary will report on the end-of-quarter pro forma balance sheet. References 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 67,000 $ May June 77,000 $ $ 87.000 S Inventory needed 67,000 77,000 87,000 Required purchases (on account) S 67,000 $ 77,000 $ $ 87,000 (Required A Required B > Check my work 07 Zachary, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July 2 points Budgeted cost of goods sold April $67,000 May $77,000 June $87,000 July $93,000 Skipped Zachary had a beginning inventory balance of $3,300 on April 1 and a beginning balance accounts payable of $14,300. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Zachary makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase. Penn Required Print a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Zachary 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 Zachary will report on the end-of-quarter pro forma balance sheet. References 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 Zachary will report on the end-of-quarter pro forma balance sheet. Ending inventory 5 Zachary, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July 2 point April 567,000 Budgeted cost of goods sold May $77,000 June $87,000 July $93,000 Skipped Zachary had a beginning inventory balance of $3,300 on April 1 and a beginning balance in accounts payable of $14,300. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Zachary makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 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 Zachary 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 Zachary will report on the end-of-quarter pro forma balance sheet. References Complete this question by entering your answers in the tabs below. Required A Required B Required c Required 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 S 0 S 0 $ 0 Check my work 5 Zachary, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July 2 points Budgeted cost of goods sold April $67,000 May $77,000 June $87,000 July $93,000 Skipped Zachary had a beginning inventory balance of $3,300 on April 1 and a beginning balance in accounts payable of $14,300. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Zachary makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase. eBook Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Zachary 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 Zachary will report on the end-of-quarter pro forma balance sheet. References 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 Zachary will report on the end-of-quarter pro forma balance sheet. Accounts payable