Slattery, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2018 and additional information follo Click the icon to view the budget.) (Click the icon to view additional information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cos Slattery, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended March 31 62000 Cost of goods sold Plus Desired ending merchandise inventory Total merchandise inventory required Less Beginning merchandise inventory Data table Budgeted Purchases additional information follow: ) rs of the year. Compute cost of goods sold for the entire nine-month period. Data table Quarter Ended Nine-Month Total S Cash sales, 30% Credit sales, 70% March 31 June 30 September 30 46,500 $ 61.500 5 54,000 $ 108.500 143,500 126,000 S 155,000 $ 205.000 S 180,000 $ 162,000 378,000 540,000 Total sales Print Done = x More info 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 $28,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $255,000 during the fourth quarter. The January 1 inventory was $17,000. Print Done