$ $ Inventory Purchases Budget Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases (on account) April 1 $ 75,000 12,750 87,750 3,800 $ 83,950 May 85,000 14,250 99,250 June 95,000 15,150 110,150 $ 99,250 $ 110,150 b. Determine the amount of ending inventory Peabody will report on the end pro forma balance sheet. Ending inventory