(i) (Click the icon to view additional information.) Prepare an inventory. purchases, and cost of goods sold budget tor each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month penh Data table More info In the past, cost of goods sold has been 400 of total sales. The director of myrketing and the finencial vice president agree that each quarter's ending inventory shoused not be beow $10000 plus 10% of cost of goods sold for the Data table More info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $10,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $225,000 during the fourth quarter. The January 1 inventory was $19,000 Prepare an inventory, purchases, and cost of goods sold budget for each of the first frree quarlers of the year, Compule cost of goods soid bar the entie hive month perod Ire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow lo view the budget) (i) (Click the icon to vew additional information.) y. purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period Data table More info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $35,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $255,000 during the fourth quarter. The January 1 inventory was $32,000