Smith 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.$)$

Smith Electronics

Cost of Goods Sold, Inventory, and Purchases Budget

For the Nine Months Ended September $30$