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QUESTION 7 10 points Sifuentes Company sells photo frames. The purchasing department manager prepared the following inventory purchases budget. Sifuente's policy is to maintain an

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QUESTION 7 10 points Sifuentes Company sells photo frames. The purchasing department manager prepared the following inventory purchases budget. Sifuente's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. Aprils budgeted cost of goods sold is $62,000. January February March April Budgeted Cost of Goods Sold $67,000 $72,000 $75,000 Plus: Desired Ending Inventory 15,200 Inventory Needed $82,200 Less: Beginning Inventory 13,900 Required Purchases (on Acc.) $68,300 Complete the table. Copy and paste the table for your answers. TTTT Paragraph Arial 3 (12pt) - T %DOQ T T fi Mashups HTHLESS Ti . AN Words: Path: P

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