prepare sales forecast and corresponding schedule of cash receipys The management team at lamarisk Corporation is capitalizing on the trend for live-edge cedar replace mantels beautirul, simple, organic. In fact, sales are so strong they are running out of inventory. This means that budgeting for next year will be extremely important, to ensure sure that Tamarisk can source enough cedar. With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the most likely scenario for the first five months of the upcoming year. January February March April May Budgeted number of mantels to be sold 390 430 460 420 440 In addition to sales volume, many other specifics are required in order to complete the company's operating budgets. Key details - associated with prices, costs, and usage are as follows. Budgeted selling price is $500 per mantel. Each mantel measures 3 inches x 12 inches 4 feet. Target ending inventory of finished mantels is 20% of next month's budgeted sales. However, beginning inventory on January 1 is expected to be only 39 units. Tamarisk primary DM, rough-cut cedar, is purchased from the supplier already at the