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The cull answer was not complet when i sent it out the first time also the accounts payable is wrong and schedule of cash payments
The cull answer was not complet when i sent it out the first time also the accounts payable is wrong and schedule of cash payments ?please help
?Rundle, Incorporated sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July:
tableBudgeted cost of goods sold,April,May,June,July
Rundle had a beginning inventory balance of $ ?on April ?and a beginning balance in accounts payable of $ ?The company desires to maintain an ending inventory balance equal to ?percent of the next period's cost of goods sold. Rundle makes all purchases on account. The company pays ?percent of accounts payable in the month of purchase and the remaining ?percent in the month following purchase.
Required
a ?Prepare an inventory purchases budget for April, May, and June.
b ?Determine the amount of ending inventory Rundle will report on the endofquarter pro forma balance sheet.
c ?Prepare a schedule of cash payments for inventory for April, May, and June.
d ?Determine the balance in accounts payable Rundle will report on the endofquarter pro forma balance sheet.
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