Question
Waterway, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick the following
Waterway, 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 May June July Forecasted unit sales 11,260 12,910 8,430 9,870 Waterway expects to have 5,630 drum sets in ending inventory on March 31. The company's policy is to carry 50% of the following month's projected sales in ending inventory. Prepare Waterway's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.)
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