January 15,000 February 18,000 March 21,000 April 27,000 May 25,000 a) Prepare the sales budget for the first quarter. + Pratt's Pizza Inc. Sales Budget for the Quarter ending March 31, 2020 Budgeted Pizzas Sold Sales Price per Pizza January February March Quarter Budgeted Sales b) The average cost of a pizza is $6. Opening food inventory for the year is estimated to be $9,000. When compiling the annual budget, the operations manager insists that 10% of next month's requirements should be on hand to begin each month. Prepare the purchases budget for the first quarter. Pratt's Pizzainc. Purchases Budget for the Quarter ending March 31, 2020 Budgeted Cost of Sales Required Ending Inventory Budgeted Beginning Inventory January February March Quarter Required Purchases c) Pratt's sales history indicates that 10% of sales will be for cash and 90% of sales will be on credit card. Using the information from the sales budget, determine the forecasted cash and credit sales. Pratt's Pizza Inc. Forecasted Cash and Credit Card Sales for the Quarter ending March 31, 2020f Sales Cash Sales (10%) Credit Card Sales (90%) January MacBook Air February March Quarter Focus =-