Jordan. Incorporated sells fireworks. The compeny's marketing dicector developed the following cost of goods sold budget for April, May, June, and July. Jordan had a beginning inventory balance of $4,000 on April l and a beginning balance in accounts payable of $15,200. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Jordan makea all purchases on account. The compony pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. Required a. Prepare an inventory purchases budget for Aprit, May, and June: b. Determine the amount of ending inventory Jordon will report on the end-of-quarter pro forma balance sheet c. Prepare a schedule of cash poyments for inventory for April, May, and Junie. d. Determine the balance in occounts payoble Jordan will report on the end-of-querter profotma baiance sheet Complete this question by entering your answers in the tabs below. Prenare an inventory purchases bodoet fot Monil, May, and Juhe. Jordan, incorporated selis flueworks. The compony's marketing director developed the following cost of goods sold budget for Apni. Moy. June and July Jordon hed a beganing imvertory balance of $4,000 an April 1 and s beginning balance in accounts payable of $15,200. The company desires to maintein an ending inventory balance equal to 15 percent of the next periodis cost of goods sold. Jordan makes all purcheses on sccount. The cempany pays 65 percent of accounts ptyoble in the month of purchase and the remaining 35 percent in the momh following purchase. Required a. Prepere an imrentary purchbses budget for Apru, Moy, and June. b. Deterimine the smewnt of ending invemery Jordan will repert on the end-of-quacter pre formb belance theet c. Prepere a schedule of cash payments for inventory for Apeli, May, and June : d. Deteimine the baiance in accounts poyable Jorden. wil report on the end-of.quarter pro forms balence sheet. Cemplete this qoestien by emering yeur answers in the tabs belew. Jordan, Incorporoted sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May. June, and July Jotdan had a beginning inventory balance of $4,000 on April 1 and a beginning balance in accounts payable of $15,200, The company desires to maintain on ending inventory balance equat to 15 percent of the next period's cost of goods sold. Jordan mokes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the remoining 35 percent in the month following purchase. Required a. Prepere an inventory purchoses budget for Apri, May, and June. b. Determine the omount of ending inventory Jordan will report on the end-of-querter pro forme balence sheet c. Prepare a schedute of cash payments for inventory for Apri, May, and June. d. Determine the belance in accounts payable Jorden will report on the end-of-quarter pro forme balance sheet. Complete this question by entering your answers in the tabs below. Uollaki) Jorden, Incorporated sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. Jorden had a beginning inventory belance of $4,000 on April 1 and a beginning balance in accounts payable of $15,200. The compony desires to maintein an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Jordan makes all purchoses on account. The company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April. Moy, and June. b. Determine the amount of ending inventory Jordan will report on the end-af-quorter pro forma balance sheet. c. Prepare o schedule of cash payments for inventory for April. May, and June. d. Determine the bolance in accounts psyable Jordan will repg it on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the balance in accounts payable fordan. Will report on the end of quarter pro forma batance aheet