Question: Fortune incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales

unit. Sales (in units) are budgeted of 152000 for the first quarter.

Fortune incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are budgeted of 152000 for the first quarter. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Prepare a budgeted income statement for the first quarter ended March 31. (Round your intermediate and finat answers to the neorest whole dollar.) Fortune incorporated is preparing its master budget for the first quarter. The compony sells a single product at o price of $25 per unit. Sales (in units) are budgeted at 152.000 for the first quarter Cost of goods sold is $12 per unat. Other expense information for the first quarter followsi. Prepare a budgeted income statement for the first quarter ended March 31 . (Round your intermediate and finat answers to the nearest whole dollac.) Trepare a budgeted income statement for the first quarter ended March 3t. (Round your intermediate and final answers to the 1earest whole doliar.)

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