mework The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets 342.248 98. See 806.28 600.000 (150.000) Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities $1,256,28 $ 209,5ee 12,000 7122 335. Retained earnings Total stockholders' equity Total liabilities and equity 543,788 $1.256,288 To prepare a master budget for April, May, and June of 2019, management Others the following information a. Sales for March total 20,500 units Forecasted sales in units are as follows: April, 20.500, May, 19,500: June, 20,000, and July 20.500. Sales of 240.000 units are forecasted for the entire year. The product's selling price is $23.85 per unit and its total product cost is $19.85 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements The March 31 raw materials inventory is 4.925 units, which complies with the policy. The expected June 30 ending raw materials Inventory is 4,000 units. Raw materials cost $20 perunt. Each finished unit requires 0.50 units of raw materials c. Company policy calls for a given month's ending Sinished goods inventory to equal 80% of the next month's expected unit Sales The March 31 finished goods inventory is 16.400 units, which complies with the policy d. Each finished unirentures 0 50 hours of direct inbertate of $15 per hour Prev 1 of 1 m Next > Paused 9 Show Finder AirDrop I >