Question P9-64A please show me te calculation to figure out the change in inventory and cost of good solds. I miss the class and the textbook's example is too vague to understand

region, and the company as a 2. As the Manitoba region manager, would you investigate the winni this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Winnie's World's perfor- mance report. P9-64A Prepare an inventory, purchases, and cost of goods sold budget (Learning Objective 5) University Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,000,000 in September, $2, 160,000 in October, $2,376,000 in November, and $2,500,000 in December. University Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $400,000 plus 15% of the next month's cost of goods sold. Requirement 1. Prepare an inventory, purchases, and cost of goods sold budget for the months of October and November. Problems (Group B) P9-65B Comprehensive budgeting problem (Learning Objectives 2 & 3) Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): Cash . $ 4, 640 Accounts receivable, net......... $ 57,600 Inventory ........ $ 15,600 Property, plant, and equipment, net ......... $121,500 Accounts payable ........... $ 42,800 Capital stock ........ $124,500 Retained earnings............................; $ 22,800 Actual sales in December were $72,000. Selling price per unit is projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: January . .......... $104,400 February...... $108,000 March ...... April....... $112,800 $109,200 May ............... $105,600 b. Sales are 20% cash and 80% credit. All credit sales are collected in the month follow- ing the sale. C . Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Three kilograms of direct material is needed per unit at $2.00 per kilogram. Ending inventory of direct materials should be 30% of next month's production needs