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Bonita, Inc., makes and sells drum sets. David Davis, controller, is responsible for preparing the master budget. The sales manager has given David the following
Bonita, Inc., makes and sells drum sets. David Davis, controller, is responsible for preparing the master budget. The sales manager has given David the following sales forecast for the coming months. April May June July Forecasted unit sales 13,000 16,000 11,000 12,000 Bonita expects to have 6,500 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. Prepare Bonita's production budget for the second quarter
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