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Sweeney Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budget.) 1 (Click the
Sweeney Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budget.) 1 (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.) 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
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