skaff, inc. sells tire rims. It's sale budget for the nine months ended September 30, 2018 and additional information follow.

prepare an inventory, purchases, and cost of goods sold budget for each of the first 3/4 of the year. Compute cost of good sold for the entire nine month period.

i Data Table Quarter Ended Nine-Month March 31 Total Cash sales, 30% 45,000 $ 105,000 June 30 September 30 60,000 $ 52,500 $ 140,000 122,500 157,500 367,500 Credit sales, 70% $ Total sales 150,000 $ 200,000 $ 175,000 $ 525,000 Print Done In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $15,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $250,000 during the fourth quarter. The January 1 inventory was $18,000. Prepare an inventory, purchases, and cost of goods sold budget for each of the first three Skaff, Inc. Inventory, Purchases, and cost of Goods Sold Bud Nine Months Ended September 30, 2018 Quarter Ended March 31 Cost of goods sold $ 60,000 Plus: Desired ending merchandise inventory 15600 Total merchandise inventory required 75600 Less: Beginning merchandise inventory 18,000 Budgeted Purchases 57600 Choose from any list or enter any number in the input fields and then click Check An 3 parts remaining esc 6