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San Sunt 1 16,66 pos Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Compbell's policy
San Sunt 1 16,66 pos Campbell Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Compbell's policy is to maintain an ending Inventory balance equal to 20 percent of the following monthscoitot goods sold. Apir'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 quarte Complete this question by entering your answers in the tabs below. 91 o o RA Rea and Complete the inventory purchases budget by firing in the missing mounts try Purchase Budget January February Budgeted cost of good old 000 $ 56.000 5 0.000 Plux Desired ending very 11.200 Inventory needed Lars Beginning in 10.400 Ragwed purchases on con 100 Read> Prov 1 of 6 Next > ME Chapter 7 HW Problems/Exercises Seve Sut 1 1666 Campbell Company ses lamps and other lighting futures. The purchasing department manager prepared the following inventory purchases budget. Campber's policy to maintain an ending soventory balance equal to 20 percent of the following month's cost of goods sold. Apri's budgeted cost of goods sold is $78.000 Required a. Complete the inventory purchases budget by ring in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter proforma income statement c. Determine the amount of ending inventory the company will report on its profoma balance sheet at the end of resta D Complete this question by entering your answers in the tabs below Red A Reg Band P Determine the amount of cost of goods sold the company will report on its first quarter o forma come statement Determine the amount of ending inventory the company will report on its pra forma balance sheet at the end of the first quarter Cost of goods sold Ending in
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