Slattery Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: : (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 dollar.) i Data Table Slattery Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Nine-Month Total Mar 31 Jun 30 Sep 30 Cost of goods sold Plus: Desired ending inventory Slattery Electronics Sales Budget For the Nine Months Ended September 30 Quarter Nine-Month Mar 31 Jun 30 Sep 30 T otal Cash sales, 20%. ... ... $ 25,000 $ 35,000 $ 30,000 $ 90,000 Credits sales, 80% ..... 100,000 140,000 120,000 360,000 $ 125,000 $ 175,000 $ 150,000 $ 450,000 Total sales, .100%...... Total inventory required Less: Beginning inventory Purchases i More Info Print Done Enter any number in the edit fields and then click Check Answer. In the past, cost of goods sold has been 70% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $20,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $225,000 during the fourth quarter. The January 1 inventory was $28,750. All parts showing Check