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Vaughn, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following
Vaughn, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following sales forecast for the coming months.
Exercise 5-10 Vaughn, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following sales forecast for the coming months. April 11,040 May 12,340 June 8,520 July 9,940 Forecasted unit sales Vaughn expects to have 5,410 drum sets in ending inventory on March 31. The company's policy is to carry 49% of the following month's projected sales in ending inventory. Prepare Vaughn's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.) April May June Quarter Budgeted unit sales Budgeted ending inventory Total units required Beginning inventory Budgeted productionStep by Step Solution
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