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The purchasing department manager for Gibson Company prepared the following supplies purchases budget. Gibson's policy is to maintain an ending supplies balance equal to 10

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The purchasing department manager for Gibson Company prepared the following supplies purchases budget. Gibson's policy is to maintain an ending supplies balance equal to 10 percent of the following month's supplies expense. April's budgeted supplies expense is $82,000. Required a. Complete the supplies purchases budget by filling in the missing amounts. b. Determine the amount of supplies expense the company will report on its first quarter pro forma income statement c. Determine the amount of ending supplies the company will report on its pro forma balance sheet at the end of the first quarter. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the supplies purchases budget by filling in the missing amounts. Supplies Purchases Budget January February March S 58,000 62,00068,000 Budgeted supplies expense Plus: Desired ending supplies6.200 Supplies needed Less Beginning supplies Required purchases (on account) 64,200 5,800 5,400 Reg n.nd 2

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