Good morning,

I have a cost accounting problem that i need assistance with. It must be done within 2 hours, is this possible for you?

Attached is a template that the answers must be placed into, to give you an idea of the type of problem that it is.

TEMPLATES FOR BARROWMAN BUDGET 1. Schedule of expected cash collections: January Februar y March Quarter March Quarter Cash sales................. Credit sales................ Total cash collections............... 2. a. Inventory purchases budget: January Februar y Budgeted cost of goods sold............ Add desired ending inventory. . Total needs........... Less beginning inventory.............. Required purchases............ b. Schedule of cash disbursements for purchases: TEMPLATES FOR BARROWMAN BUDGET January December purchases........... January purchases........... February purchases........... March purchases... Total cash disbursements for purchases...... Februar y March Quarter TEMPLATES FOR BARROWMAN BUDGET 3. Schedule of cash disbursements for operating expenses: January Februar y March Quarter Salaries and wages................. Advertising............ Shipping................ Other expenses..... Total cash disbursements for operating expenses............ 4. Cash budget: January Cash balance, beginning................. Add cash collections... Total cash available.... Less disbursements: Inventory purchases.............. Operating expenses............... Equipment Februar y March Quarter TEMPLATES FOR BARROWMAN BUDGET purchases.............. Cash dividends........ Total disbursements. . . Excess (deficiency) of cash..................... Financing: Borrowings............... Repayments............. Interest.................... Total financing............ Cash balance, ending..................... TEMPLATES FOR BARROWMAN BUDGET 5. Income statement: BARROWMAN COMPANY Budgeted Income Statement For the Quarter Ended March 31 Sales..................................................... Less cost of goods sold: Beginning inventory............................ Add purchases.................................... Goods available for sale...................... Ending inventory................................ Gross margin......................................... Less operating expenses: Salaries and wages............................. Advertising......................................... Shipping............................................. Depreciation....................................... Other expenses.................................. Net operating income............................ Less interest expense............................ Net income............................................ TEMPLATES FOR BARROWMAN BUDGET 6. Balance sheet: BARROWMAN COMPANY Budgeted Balance Sheet March 31 Assets Current assets: Cash .................................................................... Accounts receivable.............................................. Inventory ............................................................. Total current assets................................................. Buildings and equipment, net ................................. Total assets............................................................. Liabilities and Equity Current liabilities: Accounts payable..................................... Stockholders' equity: Capital stock............................................. Retained earnings*................................... Total liabilities and equity............................ *Retained earnings, beginning........... Add net income.................................. TEMPLATES FOR BARROWMAN BUDGET Total................................................... Deduct cash dividends....................... Retained earnings, ending..................