Jordan Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget Jordan's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $77,000 Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter ed Complete this question by entering your answers in the tabs below. Reg Re Band Complete the inventory purchases budget by filling in the missing amounts Inventory Purchases Budget January February March Budgeted cost of goods sold $ 51,000 $55.000 S 61000 11,000 Inventory needed 62.000 10.200 Required purchases con account) $ 51 800 Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Jordan Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Jordan's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $77,000, Required o. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet or the end of the first quarter Complete this question by entering your answers in the tabs below. Reg A Reg B and Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement, Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter b Cost of goods sold c Ending inventory