Crane, Inc., sells drum sets. James Smith, controller, is responsible for preparing the master budget. The...

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Crane, Inc., sells drum sets. James Smith, controller, is responsible for preparing the master budget. The sales manager has given James the following sales forecast for the coming months. April May June July Forecasted unit sales 12,000 15,000 10,000 11,000 Crane expects to have 6,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier for $150 each and maintains 20% of the following month's projected sales in ending inventory. Prepare Crane's inventory purchases budget for the second quarter. In the spaces there are .. budgeted production, Beginning inventory, Budgeted unit sales, Total units required, Budgeted ending inventory April May June Quarter Crane, Inc., sells drum sets. James Smith, controller, is responsible for preparing the master budget. The sales manager has given James the following sales forecast for the coming months. April May June July Forecasted unit sales 12,000 15,000 10,000 11,000 Crane expects to have 6,000 drum sets in ending inventory on March 31. The company purchases the drum sets from its supplier for $150 each and maintains 20% of the following month's projected sales in ending inventory. Prepare Crane's inventory purchases budget for the second quarter. In the spaces there are .. budgeted production, Beginning inventory, Budgeted unit sales, Total units required, Budgeted ending inventory April May June Quarter

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Crane Inc Inventory Purchases Budget Apr ay Jun Quarter Budgeted Unit Sa... View the full answer