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5-10 Preparing a production budget (CMA adapted) (LO 3) Rossano, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master
5-10 Preparing a production budget (CMA adapted) (LO 3) 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. Forecasted unit sales April 12,000 May 15,000 June 10,000 July 11,000 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
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