i Reference Sweeney, Inc. Sales Budget Nine Months Ended September 30, 2018 Quarter Ended Nine-Month March 31 June 30 || September 30 Total Cash sales, 20% 's, 20% $ 30,000 $ 120,000| 150,000 $ 40,000 $ 160,000 200,000 $ 35,000 $ 140,000 Credit sales, 80% 105,000 420,000 $ 175,000 $ 525,000 Total sales Sweeney, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended | Quarter Ended Quarter Ended March 31 June 30 September 30 Nine-Month Total $210,000 Cost of goods sold $60,000 $38,000 $80,000 $37,000 $70,000 $40,000 Plus: Desired ending merchandise inventory Total merchandise inventory required $98,000 $19,000 $117,000 $38,000 $79,000 $110,000 $37,000 Less: Beginning merchandise inventory $79,000 $73,000 Budgeted purchases A Data Table Rent, $2,500 per month Salaries, $1,000 per month Commissions, 5% of sales Depreciation, $1,700 per month Miscellaneous expenses, 1% of sales Sweeney's selling and administrative expenses include the following: = (Click the icon to view the expenses.) Sweeney, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2018, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrative expense budget for each of the three quarters of 2018 and totals for the nine-month period. Sweeney, Inc. Selling and Administrative Expense Budget Nine Months Ended September 30, 2018 Quarter Quarter Quarter Ended Ended Nine-month Ended June 30 March 31 September 30 Total Variable expenses: ICommissions Expense Choose from any list or enter any number in the innut fields and then continue to the next question Sweeney's selling and administrative expenses include the following: B. (Click the icon to view the expenses.) Sweeney, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2018, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrative expense budget for each of the three quarters of 2018 and totals for the nine-month period. Miscellaneous Expenses Total variable expenses Fixed expenses: Rent Expense Salaries Expense Depreciation Expense Total fixed expenses Total selling and administrative expenses Choose from any list or enter any number in the input fields and then continue to the next