Homework: HW (Module 4 - ch. 8,9) Score: 0 of 3 pts 6 of 6 (complete E9-36A (similar to) Lene Electronics sets the budget for the months ended September okolo Chomhoicon to view the budget ne conto www wote Requirement Prepare a cont of goods and mentory and purchases budget for each of the first three quarter of the your compute cost of poods sold for the entire nine month period Round amounts on were Lene Electronics Cost of Goods sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Mar 31 Nine-Month Total Jun 30 131250 750 Sep 30 152500 337500 Cost of goods sold Plus Desired ending inventory Total Inventory required Les Beginning inventory Purchase * More Info In the past, cost of goods sold has been 75% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $15,000 plus 20% of cost of goods sold for the following quarter. The marketing director expects sales of $245,000 during the fourth quarter. The January 1 inventory was $33,750. Print Done