Sweeney Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Nine-Month Mar 31 Jun 30 Sep 30 Total Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Sweeney Electronics sells tablets. Its sales budget for the nine months ended September 30 follows EEB (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.) More Info Nine-Month In the past, cost of goods sold has been 65% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $15,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $250,000 during the fourth quarter. The January 1 inventory was $23,450 Total Tot Les Pu Print Done Data Table Sweeney Electronics Sales Budget For the Nine Months Ended September 30 Quarter Nine-Month Mar 31 Jun 30 Sep 30 Total Cash sales, 20% Credits sales, 80% Total sales, 100% $ 26,000$ 104,000 130,000$ 36,000$ 144,000 180,000 $ 31,000 $ 124,000 155,000$ 93,000 372,000 465,000 .. Ent All Check