Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The ino apales so the queshions displayed below t nte.. wn of Zyby Ms-act mig prepared the notowing esmnated balance sheet for March, 2015 Cash Accounts recevebe ew aeials inventory $ 59.000 48 500 93010 433.000 t072.510 638.000 Totsl current assens Eautoment gross 169.000) 469.000 1541510 Eoutpment, net Total assets Liabilities and Equity Accounts payable Short -cerm notes payeble 215.410 31000 $ 246.410 530.000 Total curment habairies Long-term note peyable Total Babimes Common stock Retained earmings 776.410 354.000 411100 Total stockholders' equity 765200 Total Rabiaties and equity $ 1541,510 To prepare a master budget for Apnit, May, and June of 201S, management gethers the following information a. Soies for March total 25.000 units Forecasted sales in units are ss follows Aprit, 25.000 May. 17000 June. 22.400, July. 25.000 Sales of 259000 unts are forecasted for the entire year The product's selling price is $26.00 per unit and its total product cost is $2165 per unit b. Compeny policy cells for given months ending raw materiels inventory to equal 50% of the next month's materials requirements The Merch 31 raw matenials inventory is 4.650 units, which complies with the policy The expected June 30 ending row meterials inventory is 5.900 units. Rew matenels cost $20 per pe here to search