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Sheridan, Inc., makes and sells drum sets. Steven Garcia, controller, is responsible for preparing the master budget. The sales manager has given Steven the following
Sheridan, Inc., makes and sells drum sets. Steven Garcia, controller, is responsible for preparing the master budget. The sales manager has given Steven the following sales forecast for the coming months. April May June July Forecasted unit sales 15,000 18,000 13,000 14,000 Sheridan expects to have 7.500 drum sets in ending inventory on March 31. The company's policy is to carry 35% of the following month's projected sales in ending inventory. Prepare Sheridan's production budget for the second quarter. Budgeted unit sales Budgeted ending inventory Total units required Beginning inventory Budgeted production April 15000 May 18000 June 13000 Quarter 46000 4900
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