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Concord, Inc., makes and sells drum sets. Michael Jones, controller is responsible for preparing the master budget. The sales manager has given Michael the following
Concord, Inc., makes and sells drum 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 23,000 26.000 21.000 22000 Forecasted unit sales Concord expects to have 11,500 drum sets in ending inventory on March 31. The company's policy is to carry 25% of the following month's projected salesin ending inventory Prepare Concord's production budget for the second quarter April May June April May June Quarter >
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