Question: 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

 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

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 April May June Budgeted purchases, units Budgeted unit cost Beginning inventory Budgeted purchases Budgeted ending inventory Budgeted unit sales Total units required $ Prepare Crane's inventory purchases budget for the second quarter. April May June Quarter $ $ S $ $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!