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Exercise 5-10 Waterway, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick

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Exercise 5-10 Waterway, 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 11,260 May 12,910 June 8,430 July 9,870 Forecasted unit sales Waterway expects to have 5,630 drum sets in ending inventory on March 31. The company's policy is to carry 50% of the following month's projected sales in ending inventory. Prepare Waterway's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.) April May June Quarter April May June Quarter Budgeted production Beginning inventory Budgeted unit sales Budgeted ending inventory Total units required

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