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Bonita, Inc., makes and sells drum sets. Edward Lewis, controller, is responsible for preparing the master budget. The sales manager has given Edward the

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Bonita, Inc., makes and sells drum sets. Edward Lewis, controller, is responsible for preparing the master budget. The sales manager has given Edward 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 25% of the following month's projected sales in ending inventory. Prepare Bonita's production budget for the second quarter.

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