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ods Sold Budget Data table r 30, 2024 Cash sales, 30% Credit sales, 70% Total sales More info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $25,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $255,000 during the fourth quarter. The January 1 inventory was $17,000. Print Done help Data table Cash sales, 30% Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 46,500 $ 61,500 $ 54,000 $ 162,000 108,500 143,500 126,000 378,000 $ 155,000 $ 205,000 $ 180,000 $ 540,000 Credit sales, 70% Total sales - X Print Done es. The director of h quarter's ending of goods sold for the f $255,000 during the Inventory, Purchases, and Cost of Goods S Nine Months Ended September 30, 2 Quarter Ended March 31 Cost of goods sold Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted Purchases N in els tremis was budget for renine month ended letomber 30, 202, and donlotion for TE Conto the budget conto Wewninomion) Prepare an inventory, purchases, and cost of goods sold budget for each of the inverters of the yew Compute cost of goods sold for the entire period

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