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HOMEWORK 4 Fortune Incorporated is preparing its master budget for the first quarter. The company...

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Accounting

HOMEWORK 4 Fortune Incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit.
Sales (In units) are budgeted at 152,000 for the first quarter. Cost of goods sold is $12 per unit. Other expense information for the first
quarter follows.
Prepare a budgeted Income statement for the first quarter ended March 31.
Note: Round your Intermedlate and final answers to the nearest whole dollar.
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