July 8,000 desk combos August 8,700 desk combos September 7,600 desk combos October 8,700 desk combos November 8.800 desk combos In order to ensure Just-in-Time (JIT) deliveries are maintained in accordance with the needs of the schools Chicago Furniture Company has a standing policy that the inventory at the end of each month must be equal to 40% of the following month's forecasted sales. On July 1st there will be 3,200 desk combos in inventory The building of each desk combo requires 12 board feet of pine planks which cost $0.70 per foot. In order to maintain proper Inventory for building the desk combos the department must have 30% of the next month's production requirements Using the information you developed in Submission Lesson #1, write 3.4 pages discussing the following: Why is the preparation of a sales forecast one of the earliest steps in preparing a master budget? Explain at least three ways a company can benefit from preparing a formal budget. For assistance with your assignment, please use your text, Web resources, and all course materials 2 4 46 D 1226 AM O