i Data Table Slate Electronics Sales Budget For the Nine Months Ended September 30 Quarter Nine-Month Total Mar 31 Jun 30 Sep 30 Cash sales, 20% Credits sales80% Total sales, 100% 30,000 S 120,000 $ 150,000 90,000 360,000 $ 450,00 $ 25,000 $ 35,000 $ 100,000 140,000 , $ 125,000 $ 175,000 Print Done More Info In the past cost of goods sold has been 60% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $25,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $225,000 during the fourth quarter. The January 1 inventory was $32,500. Print Done Slate Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: E (Click the icon to view the budget ) Cli Requirement Prepare a cost of goods sold, inventory, and purchases budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. (Round (Click the icon to view addlitional information.) amounts to the nearest whole dollar.) Slate Electronics Cost of Goods Sold, Inventory, and Purchases Budget For the Nine Months Ended September 30 Quarter Ended Nine-Month Total Mar 31 Jun 30 Sep 30 Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases Enter any number in the edit fields and then click Check