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Nature's Way in Green Bay, WI is preparing its master budget for the 1st quarter. Assume Nature's Way sells only a single product. The price
Nature's Way in Green Bay, WI is preparing its master budget for the 1st quarter. Assume Nature's Way sells only a single product. The price of that product is $25 per unit. Sales (in units) are forecasted as follows: 36,000 for January, 56,000 for February, and 46,000 for March. Cost of goods sold is $12 per unit. Other expense information for the 1st quarter is below: Prepare a budgeted income statement for this first quarter. HINT - You are not making an income statement for only one month. Pather it is for a 3-month period. (Round your final answers to the nearest whole dollar.)
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