DI EM7-31 (similar to) Question Help Sweeney, Inc. solistire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow Click the icon to view the budget.) (Click the icon to view additional information) Prepare an inventory. purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month @ H son Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 EO Plus Libra Less sourci Study Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 3 parts remaining ication s budget for the nine months ended Septen et.) (Click the icon to view additional information.) - X i Data Table Quarter Ended Nine-Month March 31 Total Cash sales, 20% $ 23,000 $ 92,000 June 30 September 30 33,000 $ 28,000 $ 132,000 112,000 84,000 336,000 Credit sales, 80% $ 115,000 $ 165,000 $ 140,000 $ 420,000 Total sales Print Done uy number in the input fields and then click Check Answer view the budget.) (Click the icon to view additional information.) purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for X Iny More Info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $14,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $215,000 during the fourth quarter. The January 1 inventory was $17,000. Print Done