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urgent CH Assessment (Losa Help Save & E Submit 4 Stuart Company sells lampe and other lighting foxtures. The purchasing department manager prepared the following
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CH Assessment (Losa Help Save & E Submit 4 Stuart Company sells lampe and other lighting foxtures. The purchasing department manager prepared the following inventory purchases budgetSturt's policy is to maintain an ending inventory balance equal to 10 percent of the following mony's cost of goods Sold Aps budgeted cost of goods sold is $85.000 Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter 25 Complete this question by entering your answers in the tabs below. RA Rebane Complete the inventory purchases budget toy filing in the missing amounts Intary Puchar Budget January February March Budgetcostoso 5 57.000 61.000 $67.000 B100 Intended 63.100 5,700 Pored purch out) 5 57,400 HA Read > CH 14 Assessment (Los 1-3) Help Seve & Exit Sub 4 Stuart Company sells camps and other lighting fotures The purchasing department manager prepared the following inventory purchases budget. Stuart's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. Apri's budgeted cost of goods sold is $85.000 Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter 0115 Complete this question by entering your answers in the tabs below. RA Hagond Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first Quarter Cost of goods sold e Ending ventory Step by Step Solution
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