Help Save & Exit Budgeted cost of goods sold Check my 2 567.000 577,000 $87,000 $93,000 Jordan had a beginning inventory balance of $3,100 on April 1 and a beginning balance in accounts payable of S15 100. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Jordan makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase Required a. Prepare an inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Jordan 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 Jordan will report on the end-of-quarter pro forma balance sheet OK ences 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 April May June Help Save 2 b. Determine the amount of ending inventory Jordan 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 Jordan will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. book References Required A Required B Required Required Prepare an inventory purchases budget for April May, and June. Inventory Purchases Budget April May Juno Budgeted cost of goods sold $ 67,000 5 77.000 $ 87,000 Inventory needed Required purchases (on account) Required B > Chapter 7 Homework Assignment Help 2 a, ri , , , b. Determine the amount of ending inventory Jordan 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 Jordan will report on the end-of-quarter pro forma balance sheet points Complete this question by entering your answers in the tabs below. eBook Print Required A Required B Required C Required D References Determine the amount of ending Inventory Jordan will on the end-of-quarter pro forma balance sheet Ending Inventory a. riepale du HIVEHy purchases vuugel Ivi , midy, anu jure. b. Determine the amount of ending inventory Jordan will report on the end-of-quarter pro forma ba c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Jordan will report on the end-of-quarter pro forma b Complete this question by entering your answers in the tabs below. Required A Required B Required Requifed D Determine the balance in accounts payable Jordan will report on the end-of-quarter pro forma balance Accounts payable