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2021FA Prin of Managerial Accounting (ACCT-2302-81401) Homework: Chapter M:7 Homework Tremont, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow: 5 Click the icon to view the budget.) (Click the icon to view additional information.) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. Tremont, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 58000 Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted Purchases 2021FA Prin of Managerial Accounting (ACCT-2302-81401) Homework: Chapter M:7 Homework Tremont, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow: 5 Click the icon to view the budget.) (Click the icon to view additional information.) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. Tremont, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 58000 Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted Purchases

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