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This are the options for Questions #2 first colum. Citrua Girl Company (CGC)...

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Accounting

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This are the options for Questions #2 first colum.

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Citrua Girl Company (CGC) purchasos quality citrus produco from local growors and sollb tho produco via tho Intornet aaroas the Unitod Statoa. To koop coats down, CGC maintmins a warchouso, but no showroom or rotail salos outlats. CGC has tho following information for tho second quartor of the yaar 1. Expected monthly seles for Apri, May, June, and July are 5220,000, S190,000, $310,000, and $90,000, respectively. 2. Cost ofgoods sold is 30 percent of expecled sales 3. CGC's desired ending inventory is 20 percent of the following month's cost of goods sold. 4. Monthly operaing expenses are estmated to be Salaries: $30,000 .Delivery cxpenz 4 percont of .Ront oxponse on the warhouso: Insuranca: $175 Other axpenses: $280 Required 1. Compute the budgeted cost of purchases for each month in the second quarier Total Cost of Budgered 2. Comploto tho budgotod income statoment for oach menth in tho second quartor. Budgetod Income Statemont For the Month Ending April 30 May 31 June 30 Budgeted Gross Margin Budgeted Net Operating Income

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