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Walton Company sclis lamps and other lighting fixtures. The punchasing department manager prepared the following inventory purchases budget. Walton's policy is to maintain an ending

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Walton Company sclis lamps and other lighting fixtures. The punchasing department manager prepared the following inventory purchases budget. Walton's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of poods sold. Aprirs budgeted cost of goods sold is $83,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amocint of cost of poods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventocy 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 fabs below. Complete the inventory purchases budget by fining in the missing amounts b. Determine the amount of cost of goods sold the company wi c. Determine the amount of ending inventory the company will quarter

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