pps @ Amazon.com: Muso... M M MR ESSAY 1 Ray-Ban Round Do... M McAfee LiveSafe @ Amazon.com | Nike... 2 Chapter 14 Homework Adams Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following Inventory purchases budget. Adams's policy is to maintain an ending Inventory balance equal to 15 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. Red Band C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget January February March Budgeted cost of goods sold 3 51.000 555.000 3 81.000 Plus Desired ending inventory 3250 Inventory needed L 59 250 Less Beginning inventory Required purchases on count) $61.800 Req Band C > Adams Company sells lamps and other lighting foxtures. The purchasing department manager prepared the following Inventory purchases budget. Adams's policy is to maintain an ending Inventory balance equal to 15 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 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. Rega Red B and C 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 b. Cost of goods sold elg vertory ReqA