Lehenende Question 1, E36A MW Ben More Info dhe eyew Come controle Leer C. be There Dat Cet Done To Puch Jun S CO C 1 000 10000 11 2000 150 Help Me Solve This M Leno Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: B (Click the icon to view the budget.) (Click the icon to view additional information.) Requirement Prepare a cost of goods sold, inventory, and purchases budget for each of the first three quarters of the year. Leno Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Mar 31 Jun 30 Nine-Month Total Sep 30 Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Leno Electronics Sales Budget For the Nine Months Ended September 30 Quarter Ended Nine-Month Total Mar 31 Jun 30 Sep 30 Cash sales, 40% ...... $ 50,000 $ 75,000 70,000 $ 105,000 60,000 $ 90,000 180,000 270,000 Credits sales, 60% $ $ 125,000 $ 175,000 $ 150,000 $ 450,000 Total sales, 100% ---- - More Info In the past, cost of goods sold has been 70% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $30,000 plus 15% of cost of goods sold for the following quarter. The marketing director expects sales of $245,000 during the fourth quarter. The January 1 inventory was $43,125. Requirement Prepare a cost of goods sold, Inventory and purchases budget for each of the first three quarters of the year Compute cost of goods sold for the entire nine-month period. (Round amounts Leno Electronice PARDU