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Dudgeted cost of goods sold April 564,000 $74,000 June $84,000 July $90,000 Rooney had a beginning inventory balance of $3.700 on April 1 and a

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Dudgeted cost of goods sold April 564,000 $74,000 June $84,000 July $90,000 Rooney had a beginning inventory balance of $3.700 on April 1 and a beginning balance in accounts payable of $15,700. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. Required o. 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 May June $ 64,000 $ 74,000 $ 84,000 16:56 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) Required A Required B Required A Required B Required Required D Determine the amount of ending inventory Rooney will report on the end-of-quarter pro forma balance sheet. Ending inventory Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D June Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Schedule of Cash Payments April May Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory 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

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