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9A. Big Watches Co. makes one product and it provided the following information to help prepare the master budget for its first four months of
9A. Big Watches Co. makes one product and it provided the following information to help prepare the master budget for its first four months of operations:
- The budgeted selling price per unit is $88. Budgeted unit sales for September, October, November, and December are 15,000, 17,000, 17,000, and 16,000 units, respectively. All sales are on credit.
- 35% of credit sales are collected in the month of the sale and 65% in the following month.
- The ending finished goods inventory equals 25% of the following months unit sales.
- The ending raw materials inventory equals 26% of the following months raw materials production needs. Each unit of finished goods requires 12 pounds of raw materials. The raw materials cost $13.00 per pound.
- 25% of raw materials purchases are paid for in the month of purchase and 75% in the following month.
What are the budgeted sales for November?
Round your answer to the nearest whole number. (Show answer clearly)
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