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Stewart Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budget.) Requirement (Click

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Stewart Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budget.) Requirement (Click the icon to view additional information.) 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.) Stewart Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Nine-Month Mar 31 Jun 30 Sep 30 Total

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