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Sunland, Inc., sells drum sets. Charles Wilson, controller, is responsible for preparing the master budget. The sales manager has given Charles the following sales forecast
Sunland, Inc., sells drum sets. Charles Wilson, controller, is responsible for preparing the master budget. The sales manager has given Charles the following sales forecast for the coming months. April May June July Forecasted unit sales 14,000 17,000 12,000 13,000 Sunland expects to have 7,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier for $150 each and maintains 35% of the following month's projected sales in ending inventory. Prepare Sunland's inventory purchases budget for the second quarter. April May June > $ $ $ $ X April May June Quarter $ $ $ $ $ $ $ $
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