PREPARING A SALES BUDGET Sherwood, Inc. sells crates for pets. Sherwood expects the following units to be sold in the first three months of the coming year:

January 30,000 February 29,000 March 31,000 The average price for a crate is $40.

Required:

Prepare a sales budget for the first three months of the coming year, showing units and sales revenue by month and in total for the quarter.

Cornerstone Exercise