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Schenley Shreds manufactures skateboard components to sell. October is their first month of operations. Data regarding the company's operations follow: Unido . Sales are budgeted
Schenley Shreds manufactures skateboard components to sell. October is their first month of operations. Data regarding the company's operations follow: Unido . Sales are budgeted at 72,000 units for October, 70,000 units for November, 76,000 units for December, and 73,000 units in January. . Selling price is $5 per unit 200 . Collections are expected to be 75% in the month of sale, 20% in the month following the sale, and 5% are written off as bad debt expense in the month of sale. . The unit manufacturing cost is $3.25. . The company desires an ending inventory equal to 60% of the cost of goods sold in the following month. . Payment for materials is made in the month following the purchase. . Other monthly expenses to be paid in cash are $21,900. . Monthly depreciation is $20,000. . Ignore taxes. Answer the following questions: Show your work here, including calculations or spreadsheet data, for partial credit (optional). MacBook Procredit (optional). liations or spreadsheet data, for partial What is the total budgeted cost of goods sold for each month? (3 points each) October November December MacBook Pro
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