(Ch 7-12) management of Zigby Manufacturing prepared the following estimated balan Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Pinished goods inventory Total current assets Equipment, gross Aecumulated depreciation Equipment, net Total assets 65,000 437,760 90, 200 308, 028 900,98e 630,000 (165,000) 465,000 1,365, 988 Liabilities and Equity Aecounts payable Short-term note payable rotel current liabilitie# Long- term note payable Total 1iabilities Commonstock s204, 500 27,000 231,500 515,000 74, 500 350,000 269, 488 19, 488 Total stocthoiders' equity Total liabilities and equity 51,365,988 To prepare a master budget for Apri. May, and June of 2017 management gathers the a. Sales for March total 22.800 units. Forecasted sales in units are as follows: April, ? 22.800. Sales of 255,000 units are forecasted for the entire year. The product's sel cost is $19.30 per unit b. Company policy calis for a given month's ending raw materials inventory to equal 5 ^v Highlight All Match Case,whole words (Ch 7-12) management of Zigby Manufacturing prepared the following estimated balan Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Pinished goods inventory Total current assets Equipment, gross Aecumulated depreciation Equipment, net Total assets 65,000 437,760 90, 200 308, 028 900,98e 630,000 (165,000) 465,000 1,365, 988 Liabilities and Equity Aecounts payable Short-term note payable rotel current liabilitie# Long- term note payable Total 1iabilities Commonstock s204, 500 27,000 231,500 515,000 74, 500 350,000 269, 488 19, 488 Total stocthoiders' equity Total liabilities and equity 51,365,988 To prepare a master budget for Apri. May, and June of 2017 management gathers the a. Sales for March total 22.800 units. Forecasted sales in units are as follows: April, ? 22.800. Sales of 255,000 units are forecasted for the entire year. The product's sel cost is $19.30 per unit b. Company policy calis for a given month's ending raw materials inventory to equal 5 ^v Highlight All Match Case,whole words