Sweeney Corner Shoppe

Sales Budget

For the Months of November and December

$\backslash$table$[[,$November,December$],[$Cash sales,,$],[$Credit sales,,$],[$Total sales,,$]]$

For the next several monitus, the store wants to maintain an ending merchandise irventory equal to $$17,000+70\%$ of the next month's cost of goods sold. The September $30$ inventory was $$38,000.$

Expecied monthiy operating expenses include:

Wages of store workers are $$8,800$ per month

Utilites expense of $$1,300$ in November and $$1,400$ ir Decernber

Property tax expense of $$2,400$ per manth

Property and liability insurance expense of $$1,000$ per month

Depreciahon expense of $$5,000$ per month

Transaction fees, as stated above, are $2\%$ of credit and debil card sales

Prepare the tollowing budgets for November and December

Sales budget

Cost of goods sold, inventory and purchases budget

Operating expense budget

Budgeted income statement