- Swenson Inc Sells Tire Rims Its Sales Budget And Inventory Purchases And Cost Of Goods Sold Budget For The Nine Mo 1 (117 KiB) Viewed 9 times
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 A Nine Month Reference Cash sales, 30% Credit sales, 70% Total sales March 31 37,500 S 87,500 $ 125,000 S Swenson, Inc. Sales Budget Nine Months Ended September 30, 2024 Quarter Ended June 30 52,500 $ 122,500 175,000 $ $ Swenson's selling and administrative expenses include the following: (Click the icon to view the expenses.) Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases Prenare a selling and administrative expense budget for each of the three quarters of 2024 and totals for the - х Print Swenson, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 Quarter Ended June 30 $50,000 $32,000 September 30 $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 Next