The budget committee of Women's Accessories, an upscale women's clothing retailer, has assembled the following data. As the business manager, you must preparu the budgeted income statements for May and June. (Click the icon to view the information to prepare the buc..) Requirement Prepare Women's Accessories' budgeted income statements for May and June. Show cost of goods sold computations. Before completing the budgeted income statements, compute the budgeted cost of goods sold for May and June. (Round your answers to the nearest whole dollar.) May June Beginning inventory Purchases Cost of goods available for sale Ending inventory Cost of goods sold Now complete the budgeted income statements for May and June. (Round your answers to the nearest whole dollar) Women's Accessories Budgeted Income Statements For the Months Ended May 31 and June 30 ? Choose from any list or enter any number in the input fields and then continue to the next question. The budget committee of Women's Accessories, an upscale women's clothing retailer, has assembled the following data. As the business manager, you must prepare the budgeted income statements for May and June. (Click the icon to view the informatie prepare the budget.) Requirement Prepare Women's Accessories' budgeted income statements for May and June. Show cost of goods sold computations. Now complete the budgeted income statements for May and June. (Round your answers to the nearest whole dollar.) Women's Accessories Budgeted Income Statements For the Months Ended May 31 and June 30 May June Sales revenue Cost of goods sold Gross profit Operating expenses: Salaries and commission expense Rent expense Depreciation expense Insurance expense Choose from any list or enter any number in the input fields and then continue to the next question. The budget committee of Women's Accessories, an upscale women's clothing retailer, has assembled the following data. As the business manager, you must prepare the budgeted income statements for May and June. Click the icon to view the information to prepare the budget.) Requirement Prepare Women's Accessories' budgeted income statements sur May and June. Show cost of goods sold computations. For the months Endea May 31 ana June 30 May June Sales revenue Cost of goods sold Gross profit Operating expenses: Salaries and commission expense Rent expense Depreciation expense Insurance expense Operating income Income tax expense Net income (loss) Choose from any list or enter any number in the input fields and then continue to the next question. udget committee of Women's Accessories, an upscale women's clothing retailer, has assembled the following data. ess manager MALLMust.canare the hudanted income statements for Maw and MA Click i Data Table irem are W es reve stof go ass pro a. Sales in April were $35,000. You forecast that monthly sales will increase 10% in May and an additional 2% in June. b. Women's Accessories maintains inventory of $11,000 plus 30% of the sales revenues budgeted for the following month. Monthly purchases average 50% of sales revenue in that same month. Actual inventory on April 30 is $22,550. Sales budgeted for July are $45,000. c. Monthly salaries amount to $3,000. Sales commissions equal 10% of sales for that month. Combine salaries and commissions into a single figure. d. Other monthly expenses are as follows: erating Salarie Rent el Deprec Rent expense Depreciation expense Insurance expense $2,000, paid as incurred $200 $100, expiration of prepaid amount 20% of operating income Insurai perating Income tax ncome ta: Het incom Print Done hoose from any list or enter any number in the input fields and then continue to the next