Question: Sheffeld, Inc., makes and sells drum sets. Matthew Young, controller, is responsible for preparing the master budget. The sales manager has given Matthew the following

Sheffeld, Inc., makes and sells drum sets. Matthew Young, controller, is responsible for preparing the master budget. The sales
manager has given Matthew the following sales forecast for the coming months.
Sheffield expects to have 12,500 drum sets in ending inventory on March 31. The company's policy is to carry 30% of the following
month's projected sales in ending inventory.
Prepare Sheffield's production budget for the second quarter.
Sheffeld, Inc., makes and sells drum sets. Matthew Young, controller, is

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