Question: Please do Part (b) (C) (D) stepy by step Munoz, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget

 Please do Part (b) (C) (D) stepy by step Munoz, Inc.

Please do Part (b) (C) (D) stepy by step

Munoz, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May. June, and July April $75,eee May $85,eee June $95,eee July $101 , eee Budgeted cost of goods sold Munoz had a beginning Inventory balance of $2.600 on April 1 and a beginning balance In accounts payable of $14,000. The company desires to maintain an ending Inventory balance equal to 15 percent of the next perlod'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 remalning 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

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