Question

Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following sales forecast for the coming months.


Julian expects to have 5,000 drum sets in ending inventory on March 31. The company’s policy is to carry 50 percent of the following month’s projected sales in ending inventory.

Required
Prepare Julian’s production budget for the secondquarter.


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  • CreatedFebruary 21, 2014
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