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Swenson, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2024, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Variable expenses: Commissions Expense Cost of Goods Sold Depreciation Expense Ending Inventory Insurance Expense Miscellaneous Expenses Purchases Rent Expense Salaries Expense Sales Selling and Ad Nine Months Reference Cash sales, 30% Credit sales, 70% Total sales Swenson, Inc. Sales Budget Nine Months Ended September 30, 2024 Quarter Ended June 30 September 30 March 31 S 37,500 $ 87,500 S 125,000 S Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Swenson's selling and administrative expenses include the following: (Click the icon to view the expenses.) 52,500 $ 122,500 175,000 $ Swenson, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended June 30 Quarter Ended March 31 Print $50,000 $32,000 $82,000 $36,000 $46,000 45,000 $ 105,000 150,000 $ Done $70,000 $31,000 $101,000 $32,000 $69,000 Nine-Month Total 135,000 315,000 450,000 Quarter Ended September 30 $60,000 $34,000 $94,000 $31,000 $63,000 Nine-Month Total $180,000 - X X be quarters of 2024 and totals for the me Remaining: 01:32:46 Next