Prepare the company's sales budget for the next year for each quarter by individual product.

If the selling and administrative expenses are estimated to be $660,000, prepare the company's budgeted annual income statement.

Ms.Jasper estimates next year's ending inventory will be $34,500 for peaches and $57,800 for oranges. Prepare the company's inventory purchases budgets for the next year, showing quarterly figures by product.

 

Jasper Fruits Corporation wholesales peaches and oranges. Barbara Jasper is working with the company's accountant to prepare next year's budget. Ms. Jasper estimates that sales will increase 3 percent for peaches and 8 percent for oranges. The current year's sales revenue data follow: Peaches Oranges Total First Second Quarter Quarter $231,000 $251,000 $311,000 $251,000 $1,044,000 Third Fourth Quarter Quarter Total 406,000 456,000 576,000 386,000 1,824,000 $637,000 $707,000 $887,000 $637,000 $2,868,000