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Preparing a Sales Budget Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the...

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Accounting

Preparing a Sales Budget

Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first 3 months of the coming year:

January 41,000
February 38,000
March 50,000

The average price for a drum is $41.

Required:

Prepare a sales budget for the first 3 months of the coming year, showing units and sales revenue by month and in total for the quarter. Do not include a multiplication symbol as part of your answer.

Patrick Inc.
Sales Budget
For the Coming Quarter
January February March 1st Quarter Total
Units 41000 38000 50000 129000
Price $41 $41 $41 $41
Sales $ $ $ $

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