The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 1 ZEGOY TEACTURING Estimated Balance Sheet March 31, 2017 Assets $ 42,000 364.000 107,200 39,44 362,640 604.00 (52,000) 452.00 $1,314,640 Accounts receivable Na materials inventory inished goods inventory Total current sets Equipment, ross Accumulated depreciation Equipment, net Total arts Liabilities and Equity Accounts payable Short ter notes payable Total current liabilities Loter note payable Total abilities Common stock retained warning total stockholders' equity Total Tibilities and it 3311,100 14,000 225,00 $10.000 75.00 337.000 242, 140 1.314.00 To prepare a master budget for April May, and June of 2017 management gather the following information: o. Sales for March total 20.800 units Forecasted sales in units are as follows: April, 20.800 May, 21.600: June 20.900; and July 20.800. Sales of 242,000 units are forecasted for the entire year. The product's selling price is $25.00 per unit and its total product cost is $21.00 per unit b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements The March 31 raw materials inventory is 5.360 units, which complies with the policy. The expected June 30 ending raw materials Inventory is 4.200 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Sales budget. (Round Budgeted unit price to 2 decimal goes.) ZIGBY MANUFACTURING Sales Budget April, May, and June 2017 Budgeted Budgeted Budgeted Unit Sales Unit Price Sales Dollars April 2017 May 2017 June 2017 Totals for the quatter Required 2 >