Check my work Munoz Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Munoz'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 $77,000 points 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 eBook Hint Check my 1 Complete this question by entering your answers in the tabs below. Req A Reg B and C ints Complete the inventory purchases budget by filling in the missing amounts. eBook Hint March $ 64,000 Print Inventory Purchases Budget January February Budgeted of goods sold $ 54,000 $ 58,000 Plus: Desired ending inventory 11,600 Inventory needed 65,600 Less: Beginning inventory 10,800 Required purchases (on account) 54,800 References Reg Band C > Complete this question by entering your answers in the tabs below. Req A Red and Determine the amount of cost of goods sold the company will report on its first quarter pro forma 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 rences 6. Cost of goods sold 0. Ending inventory