E22-31 (similar to) Question Hell Tremont, Inc. Bells frermells les budget for the nine months ered September 30, 20 8. additional information follow (Click Click the icon to view additional information) Prepare an inventory, purchases, and cost of pocs cold budget for each of the frst three quarters of the year. Compute cost of goods sold for the entire nine month period. Tremont, Ing. Inventory, Purchases, and cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended March 14 Less: More Info In the past, cost cr goods cold has been 40% of total cales. The drcctor of marking and the financial Chile grellach custo's andling Inventory should not be below $15,000 plus 10% of cost cr goods sold for to following quarter. The marking director expect sales of $200.cco during the fourth quarter. The January 1 inventory was $15,000 Print Done Choose from any liet or enter any number in the input fields and then click Check Answer. 3 parts remaining Cear Al Check Arewer X i Data Table Quarter Ended Nine-Month Total Cash sales, 40% March 31 June 30 September 30 $ 40,000 $ 60,000 $ 50,000 $ 60,000 90,000 75,000 150,000 225,000 Credit sales, 60% $ 100,000 $ 150,000 $ 125,000 $ 375,000 Total sales Print Done