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xercise D5-10 Rossano, Inc., makes and sells drum sets. Nick Ross, controller, is responsible for preparing the master budget. The sales manager has given Nick
xercise D5-10
Rossano, 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 | 12,000 | 15,000 | 10,000 | 11,000 |
Rossano expects to have 6,000 drum sets in ending inventory on March 31. The company's policy is to carry 30 % of the following month's projected sales in ending inventory. Prepare Rossano's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.)
I need it with excel formulas!
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