- X Data Table Cash sales, 20% Quarter Ended Nine-Month March 31 June 30 September 30 Total 26,000 $ 36,000 $ 31,000 $ 93,000 104,000 144,000 124 000 372 000 130,000 $ 180.000 $ 155,000 $ 465,000 Credit sales, 80% Total sales Print Done VE the budget.) OUT WIEM VEICIER DU 2024, alu auultonal information follow Click the icon to view additional information.) X good More Info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $20,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $230,000 during the fourth quarter. The January 1 inventory was $17,000. Print Done Tremont, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow Click the icon to view the budget) Click the icon to view additional information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period Tremont, Inc. Inventory, Purchases, and cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 Plus Less ad