Burton Company sells its smartphone worldwide. The company expects to sell 4,900 smartphones for $ 175 each in January and 4,600 smartphones for $200 each in February. All sales are cash only. Burton expects the cost of goods sold to average 70 % of sales revenue. The company expects to sell 4,200 smartphones in March for $280 each. Burton's target ending inventory is $12,000 plus 40% of the next month's cost of goods sold.

1.	Prepare the sales budget for January and February.
2.	Prepare the company's cost of goods sold, inventory, and purchases budget for January and February.

1. Prepare the sales budget for January and February.

Burton Company
Sales Budget
For the Months Ended January and February
	January	February	Total
Unit sales (smartphones)
Multiply by: Unit selling price
Total sales revenue

Answer rating: 100% (QA)

Solution 1 Sales Budget For the months ended January and February Particulars ... View the full answer