Scannell Electronics seis tablets. Its sales budget for the nine months ended September 30 follows: BE (Click the icon to view the budget.) (Click the icon to view additional Information Requirement Prepare a cost of goods sold, Inventory and purchases budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. (Round amounts to the nearest whole dolar.) Scannell Electronics 0 More Info - X Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Jun 30 Nine-Month Total In the past, cost of goods sold has been 60% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $25.000 plus 10% of cost of goods sold for the following quiver. The marketing director expects sales of $245,000 during the fourth quarter. The January 1 inventory was $32,500 Sep 30 Mar 31 75,000 Cost of goods sold $ Plus: Desired ending Inventory Print Done Total inventory required 32,500 Less: Beginning inventory Data Table Purchases Scannell Electronics Sales Budget For the Nine Months Ended September 30 Quarter Nine-Month Sep 30 Total Cash sales, 40% ....... Credits sales, 60% ..... Total sales, 100% ...... Mar 31 50,000 $ 75,000 125,000 $ Jun 30 70,000 $ 105,000 175,000 $ 60,000 $ 90,000 150,000 $ 180,000 270,000 450,000 $ Print Done Enter any number in the edit fields and then click Check