Exercise 14 7a Algo Preparing An Inventory Purchases Budget Lo 14 3 Rooney Company Sells Lamps And Other Lighting Foxt 1 (26.55 KiB) Viewed 44 times
Exercise 14 7a Algo Preparing An Inventory Purchases Budget Lo 14 3 Rooney Company Sells Lamps And Other Lighting Foxt 2 (24.08 KiB) Viewed 44 times
Exercise 14 7a Algo Preparing An Inventory Purchases Budget Lo 14 3 Rooney Company Sells Lamps And Other Lighting Foxt 3 (22.96 KiB) Viewed 44 times
Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Rooney Company sells lamps and other lighting foxtures. The purchasing department manager prepared the following inventory purchases budget Rooney's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $82,000 Book Required Hot a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement Ask c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter Prie lieferences Complete this question by entering your answers in the tabs below. Rea A Req Band C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget March January February $50,000 $ 62.000 Budgeted cost of goods sold 14.28 points 68.000
4 14.28 points +Book Het Ask Pent References Complete this question by entering your answers in the tabs below. Req A Reg B and C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget January February March $68,000 Budgeted cost of goods sold $ 50.000 $ 62,000 12,400 Inventory needed. 70,400 11,600 Required purchases (on account) $58,800 Req Band C > Check my work
14.28 points eBook HE Ask Print References UTAS JAU KALBA See end of the first quarter Complete this question by entering your answers in the tabs below. Reg A Req B and C Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. b. Cost of goods sold c Ending Inventory < Req A Rest
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