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plz make sure the graph isnt cut off, ty! Ch Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Solomon Company sells lamps and

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Ch Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Solomon Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget Solomon's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $78,000 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 Complete this question by entering your answers in the tabs below. Reg A Req B and a Complete the inventory purchases budget by filling in the missing amounts. March 61,000 Inventory Purchases Budget January February Budgeted cost of goods sold $ 51,000 $ 55 000 5.500 Inventory needed 56 500 5.100 Required purchases (on account) S 51.400 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

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