Slattery Inc, sells tire rims. Its sales budget for the nine months ended September 30, 2014, fotows. (Click the icon to view the budget.) In the past, cost of goods solid 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 55,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $240,000 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 qunners of the you. Compute cost of goods sold for the entire nine-month period Slattery, Inc. Inventory. Purchases, and cost of Goods Sold Budget Nine Months Ended September 30, 2014 Quarter Ended Quarter Ended Quarter Ended March 31 June 30 September 30 Nine-Month Total Plus Less i Data Table Xti Cash sales, 40% Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 56,000 $ 76,000 $ 66,000 $ 198,000 84.000 114,000 99,000 297,000 $ 140,000 $ 190,000 $ 165,000 $ 495,000 Credit sales, 60% Total sales Print Done