Question
Coronado, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following
Coronado, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following sales forecast for the coming months.
April | May | June | July | |||||||
Forecasted unit sales | 10,210 | 14,900 | 8,280 | 9,690 |
Coronado expects to have 4,390 drum sets in ending inventory on March 31. The company's policy is to carry 43% of the following month's projected sales in ending inventory. Prepare Coronado's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.)
April | May | June | Quarter | |||||||
Budgeted unit sales | ||||||||||
Budgeted ending inventory | ||||||||||
Total units required | ||||||||||
Beginning inventory | ||||||||||
Budgeted production |
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