Can someone help with this.

The Master Budget

1. Sales Budget

2. Production Budget

Texas Rex sells t-shirts. Expected sales for each quarter is 1000, 1200, 1500, and 2000 t-shirts at $10.00 each. They anticipate no price change.

Texas Rex, Inc.

Sales Budget

For the year ending December 31, 2018

Q1 Q2 Q3 Q4 Total

Units

Unit Selling Price _______ _______ ________ _______ ________

Budgeted Sales

A production budget tells management how many units must be produced to satisfy anticipated sales and ending inventory needs.

Assume the company requires 20% of the next quarters sales in ending inventory and that beginning inventory of t-shirts for the first quarter of the year was 180.

Texas Rex, Inc.

Production Budget

For the year ending December 31, 2018

Q1 Q2 Q3 Q4 Total

Sales in Units

Desired Ending Inv. _______ _______ ________ _______ ________

Total Needs

Less Beginning Inv. _______ _______ ________ _______ ________

Units to be Produced