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NEED FAST PLEASE Solomon Company sells famgs and other lighting fivtures. The purchosing cepartment magager prepared the following invent purchases budget. Solomon's pollcy is to
NEED FAST PLEASE
Solomon Company sells famgs and other lighting fivtures. The purchosing cepartment magager prepared the following invent purchases budget. Solomon's pollcy is to maintain ant ending irventory balance equat to is percent of the following month's c goods sold, Aprils budgeted cost of goods told is $93,000. Required a. Complete the ioventory purchases budget by filling in the missing amounts. b. Detemine the amount of cost of goods sold the company will report on its first quarter peo forme income statement. c. Detemine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first qu Complete this question by entering your answers in the tabs below. Complete the inventory purchases budget by filing in the missing amounts. Complete this question by entering your answers In the tabs below. 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 Step by Step Solution
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