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Concora, inc., selis arum sets. Michael Jones, controller, is responsible for preparing the master budget. The sales manager has given Michael the following sales forecast
Concora, inc., selis arum sets. Michael Jones, controller, is responsible for preparing the master budget. The sales manager has given Michael the following sales forecast for the coming months. April May June July Forecasted unit sales 23,000 26,000 21,000 22,000 Concord expects to have 11,500 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier for $150 each and maintains 25% of the following month's projected sales in ending inventory. Prepare Concord's inventory purchases budget for the second quarter. April May June 23000 26000 2100 >
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