Rossano, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget.

Question:

Rossano, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following sales forecast for the coming months.

Rossano expects to have 6,000 drum sets in ending inventory on March 31. The company's policy is to carry 30% of the following month's projected sales in ending inventory.
Required
Prepare Rossano's production budget for the second quarter.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...