leted so far. It does not indicate completion. Check my work mode : This shows what is correct or incorrect for the work you Return to 4 Munos, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July 10 points Budgeted cost of goods sold April $71,000 May $81,600 June $91,000 July $97,600 Munoz had a beginning inventory balance of $2,800 on April 1 and a beginning balance in accounts payable of $14,800. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Munoz makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Munoz will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Munoz will report on the end-of-quarter pro forma balance sheet Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Mc raw av A MacBook Air