2. (20 pts) A tool company plans inventory levels (at cost at the end of each month are as follows: Month Inventory Purchases Sales April $258,000 $271,000 May S188,000 $449,000 June $226,000 July $209,000 $359,000 August $24,1000 $306,000 Cost of goods sold is 65% of sales. Payments for each months purchase are made respectively (15% during that month, 70% the next month, and the remaining 15% the next month) a) Prepare budget schedules for June, July, and August for purchases. b) Prepare budget schedules for June, July, and August for disbursements of purchases.
{"Image Orientation": "Horizontal (normal)", "Image ExifOffset": "38", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "700", "EXIF ExifImageLength": "289"}