Fashion Forward Inc. designs, manufactures, and sells a wide range of trendy apparel for men and women. As the end of the fiscal year approaches, Fashion Forward inc. is in the process of preparing their budgeted financial statements for the upcoming year. One crucial component of their financial planning is the ending finished goods inventory budget, which plays a significant role in constructing these statements. In the context of Fashion Forward Inc., how does the utilization of the ending finished goods inventory budget provide the necessary information for constructing budgeted financial statements? By analyzing the inventory holding costs and their significance on the statement of retained earnings. B By evaluating the inventory turnover ratio and its influence on the statement of cash flows. By calculating the ending inventory value and its effect on the balance sheet. By determining the cost of goods sold and its impact on the Net Profit