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Finch Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Finch's policy is to maintain an ending

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Finch Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Finch's policy is to maintain an ending imventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83,000 Required o. 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 formo balance sheet at the end of the first quarter. Complete this question by entering vour answers in the tabs below. Complete the inventory parchases budget by filing in the missing amounts, Finch Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Finch's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $83.000. 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. Complete this question by entering your answers in the tabs below. Determine the amount of cost of goods sold the company will report on its first quarter pro forma incorne statement. Determine the amount of ending imventory the company wil rpport on its pro forma balance sheet at the stad of the firit

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