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5-10 Preparing a production budget (CMA adapted) (LO 3) Rossano, Inc., makes and sells drum...

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Accounting

5-10 Preparing a production budget (CMA adapted) (LO 3)

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 companys policy is to carry 30% of the following months projected sales in ending inventory.

Required

Prepare Rossanos production budget for the second quarter.

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